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Forex: EUR/USD keeps the mood after IFO

Not much of a reaction in the bloc currency after the improvement of the German IFO series for the month of February from January print, as the Expectations advanced to 104.6 from 100.6, Current Conditions 110.2 vs. 108.1 and Business Climate 107.4 against 104.3. It’s worth noting that all of the components have exceeded previous estimates.

In addition, inflation figures in Italy rose in line with consensus during January: CPI 0.2% MoM and 2.2% YoY.

At the moment, the pair is up 0.32% at 1.3233 with the next hurdle at 1.3289 (MA55d) followed by 1.3343 (MA10d) and then 1.3429 (MA21d).
On the upside, a dip below 1.3163 (low Feb.21) would bring 1.3121 (MA100d) and finally 1.3039 (low Jan.10).

Forex: EUR/GBP higher on German IFO

Already edging somewhat higher on the day since the London opening, bouncing from the Asian drop to 0.8624 low, a new boost to the upside was triggered by the release of German IFO February survey results. The EUR/GBP jumped 20 pips to 0.8674.
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Forex: USD/CHF testing the 0.9300 level after German IFO data

The recent USD/CHF recovery was sequestered by the publication of strong German data during European trading Friday, as the pair moved to retest the 0.9300 level. In these moments the cross is trading negatively at 0.9295/00, operating at -0.15% below its opening.
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