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There is a 80% chance of C trending downwards

Based on the last 12 GDP Growth Rate QoQ Final events in United States, we could see C trend downwards right now. Based on historical events there is a 80% chance of this. This may happen because the released value is > 3.2%

Historical events that allowed us to draw this conclusion

29 Jun 12:30
22 Dec 13:30
22 Dec 13:30
30 Sep 12:30
25 Mar 12:30

All references to movement sizes are expressed assuming a lot size of 100,000 units (“standard account”).

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We expect EURUSD to trend upwards right now.

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