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EUR/USD slides back from session highs on German political impasse

An earlier update here noted for you to watch out for a potential fall below 146.95 in the USD/JPY. Well, that has now happened and the dollar had almost certainly tripped some stops below 146.95. The EUR/USD has rebounded too, after falling close to the 1.0800 handle earlier this morning. The EUR/USD has since lifted to fresh session highs, reaching 1.0875. It is off that high now though. In fact, the EUR/USD just got whacked lower after the German Green party is said to refuse to sign top to the latest attempts to sign a spending bill. The EUR/USD just slumped to below 1.0820 on that news. It is currently trading at 1.0835 
 

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