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Independence Day and Forex

July 4, 2007 (Last updated on November 30, 2009) by

Today EUR/USD was still as it was yesterday. As I said — this week will probably be flat until Friday at least (they tend to be quite unsettled, those Fridays). Independence Day in the United States of America is keeping the big U.S. Forex players out of the market, causing a lower volatility, especially on EUR/USD (while there some minor fluctuations on GBP/USD). It is quite clear that big holidays keep flat market even more flat, so I’d avoid expecting a high volatility Forex trading opportunities tomorrow. If you are for EUR/USD, just wait for 1.3600 or 1.3650 breakout and then jump in.

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