FXstreet.com (Barcelona) - The Euro (EUR) took advantage of the equity rally to break above 1.2800. German IFO dropped to 82.6 vs. 83.2 previously whilst December Industrial Orders also dropped to -5.2% vs. -4.2% previously. EUR/JPY broke resistance at 1.22 and helped to propel the major higher.

As Easy Forex Team said: Overall the EUR/USD traded with a low of 1.2664 and a high of 1.2877 before closing the day at 1.2850. Looking ahead, German Q4 GDP forecast to be confirmed at -2.1%.