Volumes start to dwindle as the Europe enters the summer period
The PMI’s helped to tip EURUSD over with interbank seller being fingered for blame. Traders are noting that volumes are thinning now that the summer holidays are kicking in. My sprogs finished school Wednesday and by tonight the majority of the UK schools will have finished, and the exodus to the far corners of the globe (and Skegness) begins. I’m not sure when Speedo season begins in Europe but they can’t be too far behind
Welcome to summer – EURUSD could be well supported as liquidity drops
