Fischer waffle might be fingered for the moves but I earlier mentioned end of month dollar demand vs euro
I've not had any confirmation yet but to see EURUSD dive late in the day while USDJPY rises as all other dollar pairs stay more or less stable, suggests flows out of the euro
Earlier I noted that there was said to be strong USD demand against the euro for month end and while that was tipped for Monday we could be seeing it go through now. There may be some inclination to do it before the weekend and any possible risk from Jackson Hole or Asia
EURUSD drops to 1.1182 from 1.1230 pretty quickly
The euro is taking it in the crosses too and suffering against CHF, JPY and GBP
There's a decent looking set up in EURUSD near here via the DMA's around 1.1120/30 but it might be a bit late in the day to get into a trade ahead of the weekend
EURUSD daily
