Traders give up on the dollar buying as the week, month, quarter close approaches

London fixing at 1500 GMTThe dollar buying stalled and we are seeing selling as the London 4 PM (1500 GMT) fixing and the week, month and quarter end approaches.

The EURUSD fell below the 1.1800 level but could found support buyers against the 100 hour MA (blue line in the chart above).   The 1.1822-32 will be eyed now. A break above would be more bullish.

The GBPUSD eked out a new low on the day 1.33477 vs 1.3352 low from earlier today. The low for the week at 1.33418 remained in place, the price is  back up and testing 1.3400.  The 100 hour MA 1.34266 is a key level too.

The USDJPY let’s say stalled at the prior day high at 112.72, and could not get above to test the key 112.815-93 area.  The price has rotated back lower.   The 200 hour MA at 112.175 remains a key level on the downside.  Ahead of that is the 100 hour MA at 112.376.  The area between 112.175 and 112.375 is now support. 

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