EUR/USD edging off session highs heading into the final fix of the month

Earlier today the EURUSD edged back towards 1.0800, but then got a boost from the weaker than forecast US economic data. That helped to push the Euro up to a session high at 1.0849. Perhaps interesting that is stalled ahead of 1.0850. At the same time it has recaptured the 200 day moving average again today. That is in place right now at 1.0823 and the Euro did not close above it last night when it ended the session at 1.0815. The Euro is just coming off that earlier high right now thigh heading into the final 4pm London fix of the month. It could be that there is some last minute dollar demand set for that fix and that is what is pushing the EUR/USD back a little. So, it will be interesting to see where the Euro is when the clock strikes 4pm here in London and then where it heads to after that is out of the way. The Fed policy decision is a key event this evening, but only if the Fed delivers a cut in rates and that is not generally expected. The EUR/USD is currently trading at 1.0822