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It could be worth watching to see if the EUR/USD tops out after the 4pm London Fix
As I reminded readers earlier today about the prospect of sizeable dollar selling set for the spot month and year end today, I hope you can see how that has played out now? So, as the 4pm London fix approaches the dollar is still on its knees, especially versus the Euro. That has now reached a high a short while ago at 1.1115. It has just edged off that high now, but what will be interesting; will be to see if the price peaks and then drifts back further once the clock has struck 4pm here in London. If it does, then we might conclude that the orders to sell the US currency into the spot month end was as inferred by some analysts last week. The EUR/USD is currently trading at 1.1107
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