EUR/USD edging lower so far this morning

As the dollar came under what seemed like further month-end selling pressure yesterday, the EUR/USD pressed higher. As noted the move through 152 in the USD/JPY and further slide was the driver and the catalyst for the EUR/USD to make further progress, notwithstanding further downside in the EUR/JPY below the 160 handle. So, despite that, the EUR/USD lifted to 1.0588 just ahead of the European close. It later ended the US session at 1.0566. The price action today has seen it slip gradually to a low at 1.0542 so far. The question to ask here is; has this touted dollar month-end selling now finished? Perhaps that is a tough one to answer at this stage, but it could be the case. Time will tell and of course there are no US participants later today owing to the Thanksgiving holiday. That could make for some thin trading conditions later this afternoon and in such an environment any orders that might show up can have an impact, so please be aware of that. The EUR/USD is currently trading at 1.0549