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Forex pairs in this Article » EUR/USD (Barcelona) - EUR/USD exchange rate continues to show signs of depression along the Asian session, currently just below 1.29 following a session low of 1.2887.

NFP eyed amid low liquidity levels

The event that all traders and investors are waiting for is the NFP release, however, this time with the peculiarity of taking place on a long weekend in the U.S. with motive of the Independent day on July 4th. In view of Chris Capre, Founder at 2ndSkies, "it will be quite interesting considering the already unusually low levels of liquidity."

EUR/USD selling idea around 1.2975

As Capre adds, "Could be a perfect storm to cause a very drastic move in the markets. Traders now can look for sell signals around 1.2975 targeting 1.2850 and 1.2775 to trade in line with the bearish trend."
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