EUR/USD: The euro plunged from an over 1-week peak hit in the prior session after German Ifo institute cut its 2019 growth forecast for Germany to 0.6 percent from 1.1 percent due to weaker foreign demand for industrial goods. The European currency traded 0.2 percent down at 1.1306, having touched a high of 1.1338 on Wednesday, its highest since Mar. 5. Immediate resistance is located at 1.1367 (78.6% retracement of 1.1176 and 1.1496), a break above targets 1.1408 (March 1 High). On the downside, support is seen at 1.1297 (10-DMA), a break below could drag it till 1.1256 (5-DMA).