Don’t expect a big pullback in EUR/USD this afternoon though a dip toward the 1.2535/40 area where we dipped after payrolls is a possibility.
Expect activity to be quite light for the balance of the session with most US traders taking a three-day weekend to celebrate Independence Day. Interest rate and forex futures close in about 30 minutes, if I’m not mistaken.
EUR/USD has eased to 1.2550.