As much as traders try and prepare for month-end fixings, they seem to turn into a car-wreck no matter what you do. We traded 1.4725 to 1.475 in the 15 minutes surrounding the fixing and fixed at 1.47545.
Here we are 30 minutes later and EUR/USD has resumed its fall and is now in the low 1.4730s. 1.4715 and 1.4700 are key supports near-term with very heavy stop-loss selling expected if 1.4670/80 is broken.
