6E move at 4:45 AM PST?

L

Lightweight

Anyone know why the Euro dropped a quarter of a cent at 4:45 AM PST, 45 minutes before NFP? Volume was pretty much flat for a few minutes before that time, and then 6k cars were traded within half a minute, which to me looks like some kind of news release. But there is nothing at that time on any Forex calendar I can find, and I don't see any key price point that was broken and could explain the move. Any theory on why that drop happened?
 
i have no idea either. i mean it wasn't like it was a 25 pip gap move. looking at a small tick chart (233 or 333) it was just a bunch of red bars going down in a controlled manner.

in general you should always check out forex factory for upcoming econ releases that could effect any pair you trade.
 
You must log in or register to reply here.
Back
Top