According to a news by Icelandic Meteorological Office. There is enough stress in the Tjörnes Fracture Zone for magnitude 6.8 earthquake. This is based on a study (Metzger o.fl., 2011). When and where this stress, or if it is going to be released in one 6.8 magnitude earthquake is impossible to know for sure. As it is impossible to predict behavior of this type of earthquake activity.
For the time being, at least while the earthquake swarm is currently ongoing. It is best to keep an eye out for it and any sudden changes in it. But as I sad before. It is impossible to predict this events. All that can be done is to wait and hope for the best when this earthquake activity do starts to happen.
Current earthquake swarm in TFZ is still ongoing. But earthquake activity so far continues to drop at the same rate as before.
Icelandic Meteorological Office news
Earthquake activity offshore North Iceland continues (en.vedur.is)