Based on the last 12 GDP Growth Rate QoQ events in Canada, we could see a $390 movement on EURUSD within the next 4 hours. We may see EURUSD trend downwards for 4 hours because the released value is > 0.2%
Historical events that allowed us to draw this conclusion
31 May 12:30 |
29 Nov 13:30 |
All references to movement sizes are expressed assuming a lot size of 100,000 units (“standard account”).
