EUR/USD slips after German finance ministry moans about the economy

The German finance ministry has just now been commenting on the economy and stating that growth and the outlook are far from satisfactory. Well, outside of telling us something that we do not already know, these comments have pushed the EUR/USD to fresh session lows underneath 1.0850. The fall is not sharp or even protracted at this stage, but more so further endorsing the earlier failure of the Euro to make it above the 200 day moving average (1.0872), which is still clearly guarding the topside. The move lower in the Euro also comes as the USD/JPY does now manage to reclaim levels above the 150 handle. The EUR/USD is currently trading at 1.0846