Based on the last 12 Michigan Consumer Sentiment Prel events in United States, we expect EURUSD to trend downwards later today. Based on these past events there is a 66.67% chance of this. We expect EURUSD to trend downwards 2 hours following the event release at 19 Jul 14:00 if the released value is > 98.5. A price movement of 9 pips is expected.
Historical events that allowed us to draw this conclusion
17 May 14:00 |
15 Feb 15:00 |
09 Nov 15:00 |
14 Sep 14:00 |
All references to movement sizes are expressed assuming a lot size of 100,000 units (“standard account”).
