Euro pairs have fallen on reports of SPD rejecting further coalition talks
Justin had the article from Spiegel here and we've seen EURUSD down
to 1.2218 from 1.2265 in what remain fragile market conditions as we bounce to 1.2243
EURGBP has dropped to 0.8863 from 0.8895 and taking out the support/demand into 0.8880 that we saw prevail yesterday but we're back to look at that level again as I type. No doubt a few stops triggered though on both pairs as indeed EURJPY which went down to 135.33 from 135.95
On closer inspection it appears it may be the Berlin section of the SPD and not the whole party per se who are kicking off but full details as yet unknown.
I would expect some further dip demand but sellers and caught longs to take advantage of rallies until we know the full story.
