Traders report selling from asset managers late in the session in EUR/USD. US money mangers tend to be most active late in the day after aggregating their net exposures after the close in European trading. EUR/USD is near afternoon highs, however, boosted by EUR/JPY demand as US equity indexes look set to close at new 2009 highs.
We head into the close in the low 1.4340s.
1.4375 and 1.4413 are further resistance with 1.4445/50 the key level headed into next week.
