EUR/USD: Grinding Lower As USD/JPY Catches Bid

The EUR/USD is easing back a bit after the USD/JPY ran into very good buying interest around 115.40 and given the USD a broadly bid tone. Support for the EUR/USD is found at former resistance at 1.3125 and Friday's high around 1.3115. Key hourly support is found at 1.3050 and a break below that level should see the gap between 1.2980/1.3050 filled. The EUR/USD trades 1.3130/35.