The 4th of July holiday in the US is a signal for the northern hemipshere holiday period to begin and this is our traditional ‘doldrum’ period. The EUR crosses are likely to remain the key pairs over the next few months. EUR/CHF is seeing some significant intervention (a good reason to avoid the pair in my opinion), EUR/GBP has seen a heavy sell-off and is trying to form an interim base, and EUR/JPY in my humble opinion is getting ready to surge towards 150.