A survey by the ZEW on Eurozone and German investors' confidence in the economy during July has dropped to the lowest since January.

Negative numbers indicate worry while positive numbers reflect optimism.

The Eurozone ZEW survey posted a -22.3 reading for July, missing forecast of -18.3, and sliding from June's -20.1.

The German ZEW survey posted a -19.6 reading , disappointing a -17.3 forecast and sliding from a -16.9.

Fan Yang CMT is a forex trader, analyst, educator and Chief Technical Strategist for FXTimes - provider of Forex News, Analysis, Education, Videos, Charts, and other trading resources.

Information and opinions contained in this report are for educational purposes only and do not constitute an investment advice. While the information contained herein was obtained from sources believed to be reliable, author does not guarantee its accuracy or completeness. FXTimes will not accept liability for any loss of profit or damage which may arise directly, indirectly or consequently from use of or reliance on the trading set-ups or any accompanying chart analysis.