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Dollar finding sellers as the London fix approaches

Discussion in 'Technical Analysis' started by ForexLive, Aug 22, 2016.

  1. ForexLive

    ForexLive Forum Member

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    It's been a while since we've seen a fixing move Is it the 4 PM London fix, or did the "chatter" about housing stimulus in the UK turn the tide? Whatever the case, the EURUSD, GBPUSD, AUDUSD, NZDUSD are all at NA extremes against the dollar. THe EURUSD is up on the day. The GBPUSD is trading near 1.3150. On Friday the CFTC Commitment of Traders reported that traders were "all-in" short. Be aware.

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