The French Election will start tomorrow for the first round of voting. France uses a two-round voting system; the first round will eliminate the least favored candidate and the second round will produce the final result. In this case, depending on the outcome tomorrow, Monday opening for EURUSD could be volatile. We need to monitor it closely. Then the second round of voting is next Sunday 7 Jul, which will cause a lot of uncertainty for EURUSD - Imagine if the winner of the election is someone who will want to do something like BREXIT for the UK. France is one of the key members of Europe. If they intend to leave Europe, it will surely weaken the EUR. We recommend closing all the EURUSD trades before the upcoming weekend to prevent your exposure to this volatile moment. We also recommend monitoring the EURUSD trend on 8 Jul before you start trading. If you want to play safe, just start trading after 9 Jul. This week, we also have ADP and NFP on the US side. Plus, 4 Jul is an independent day for the US. The market liquidity will be low and there are chances for manipulation by certain traders. Hence, we better be cautious in the upcoming weeks.
Refer here for more info -> https://limitless-trading.com/economic-calendar
Refer here for more info -> https://limitless-trading.com/economic-calendar
