German IFO

It's really a nasty performance for the Germany. E/u drop 100 pips within minitues. Key support of 1.4630 has broken and now the markey seems unlikey to run any risk to dip below 1.4600. Fx news perdicted that the next supprot is 1.4420. We are expected to see some adjustment around 1.4600 today or perhaps a small rally of the EUR. @ 4:00 pm US will reveal its New home sales and consumer confidence which will give some direction whether the supprot of 1.4600 will break.