The EUR/USD is currently sitting at 1.2570, just above its lows at 1.2555 and the important 1.2550 support. There is also talk of large barrier options at the 1.2500 level so expect further support ahead of this level. The EUR/GBP has also fallen back from the 0.8900 level once more with Cable having recovered nicely from its 1.4090 low to currently be trading at 1.4175.
The USD/JPY continues to grind higher but has been unable to reach rumoured stops above 92.85.
