We expect EURUSD to trend upwards later today. Based on these past France Inflation Rate YoY Prel news events there is a 85.71% chance of this. We expect this to happen if the released value is < 1.1%. A price movement of 27 pips is expected. Historical events that allowed us to draw this conclusion
27 Sep 06:45 |
31 Jul 06:45 |
28 Jun 06:45 |
31 May 06:45 |
29 Mar 07:45 |
04 Jan 07:45 |
All references to movement sizes are expressed assuming a lot size of 100,000 units (“standard account”).
