The EUR/USD pair fell during the session on Tuesday, breaking below the 1.30 handle again. However, the next two days should be relatively quiet in North America as the Americans are celebrating Independence Day, and because of that the market flows should be a bit distorted. Nonetheless, we see quite a bit of support below, going all the way down to the 1.28 handle. We actually prefer to see this market rally a bit in order to sell at a higher level, as we think the 1.32 level should be resistive. In the meantime, expect plenty of choppy conditions and the smart money will simply stay away.
Written by FX Empire