We expect a $290 movement on EURUSD within the next 2 hours. We expect EURUSD to trend downwards 2 hours following the Unemployment Rate events in Japan release because the released value is < 2.5%. A price movement of 29 pips is expected. Historical events that allowed us to draw this conclusion
30 May 23:30 |
28 Mar 23:30 |
31 Jan 23:30 |
30 Sep 23:30 |
All references to movement sizes are expressed assuming a lot size of 100,000 units (“standard account”).
