Vicinity of New Moons (+/-1 day) is also important to pay attention to overbought / oversold indications of the market, they are most time very authentic.
New moon is tomorrow June 19th.
So far we have been respecting the vicinity of 2600 very good as a resistance zone, and as shown in the first chart posted in this post earlier today:
http://www.forexfactory.com/showthre...26#post5770326
Usually the EUR maximum move, seldom goes above 150 pips in one day, but up to now its been 180 pips down from 2748.
I suspect that a probable double digit level such as 2500 is the target, which makes it almost close to a 250 pip move down.
I dont think price action wants to be above 2600 level for now.
New moon is tomorrow June 19th.
So far we have been respecting the vicinity of 2600 very good as a resistance zone, and as shown in the first chart posted in this post earlier today:
http://www.forexfactory.com/showthre...26#post5770326
Usually the EUR maximum move, seldom goes above 150 pips in one day, but up to now its been 180 pips down from 2748.
I suspect that a probable double digit level such as 2500 is the target, which makes it almost close to a 250 pip move down.
I dont think price action wants to be above 2600 level for now.