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FOREX: EURUSD Now Down 0.4% as Month End Approaches

FOREX
  • Worth noting the single currency has been under some pressure as we approach the month/year end WMR fixing window. EURUSD has extended session decline to 0.40%, to a fresh weekly low of 1.0361, while EURGBP is also down 0.3% on the session at 0.8268.
    • As noted, 1.0335 remains key for EURUSD, the Nov 22 low and a bear trigger.
    • For EURGBP, 0.8223 is the next support, the Dec 19 low, before major support at 0.8203.
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  • Worth noting the single currency has been under some pressure as we approach the month/year end WMR fixing window. EURUSD has extended session decline to 0.40%, to a fresh weekly low of 1.0361, while EURGBP is also down 0.3% on the session at 0.8268.
    • As noted, 1.0335 remains key for EURUSD, the Nov 22 low and a bear trigger.
    • For EURGBP, 0.8223 is the next support, the Dec 19 low, before major support at 0.8203.