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Forex: EUR/USD dips to 1.2950/55 on weak IFO

FXstreet.com (Barcelona) - The bloc currency dropped to the proximities of 1.2950 after the German IFO indicator disappointed investors in April. The series retreated in all of its components, adding to the downbeat sentiment after recent lacklustre PMI prints. Further grim data showed that Italian retail sales during February posted an annual contraction of 4.8%, extending the negative momentum of the retail sector.

EUR/USD is losing 0.20% at 1.2970 with the next support at 1.2963 (low Apr.8) followed by 1.2940 (MA200d).
On the upside, a break above 1.3085 (high Apr.23) would open the door to 1.3130 (high Apr.19) and finally 1.3202 (high Apr.16).

Forex: USD/CHF rises to 0.9466/69 after German IFO

The USD/CHF moved higher Wednesday, paring its morning losses to trade at 0.9466/69 in these moments. At this juncture, the cross is positive, operating at session highs and notching an advance of +0.11%.
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Forex Flash: Bunds remain neutral – RBS

Bunds reached the first target of 146.43, but fell below the next target of 147.00 and formed a dark cloud cover candlestick patter, which changes the view to a neutral for now.
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