EUR/USD slips below 1.1150

The rebound in the USD/JPY today, noted in the previous update has done the EUR/USD no favours. The EUR/USD was unable to rise above 1.12 again yesterday, peaking at 1.1191 just ahead of the US close. It closed in the US last night at 1.1184. It has fallen back today as the USD/JPY lifts and it has taken out the lows seen yesterday, at 1.1150. The low seen so far this morning has been set at 1.1141. So, as you can see it has not extended the move to below 1.1150 by very much and it could be that it has fallen just enough to trip stops in place below that level. At the same time, it would seem the USD/JPY is once again in control of the overall price action for the EUR/USD. There is very little on the economic release calendar, either side of the Pond ahead of the European close today and so all eyes will focus on the US later this evening, when the NVDA Q2 results break at 8.20pm GMT. The EUR/USD is currently trading at 1.1143