Based on the last 12 Consumer Confidence events in Switzerland, we could see a 32 pip movement on EURUSD for the next 12 hours. EURUSD could trend downwards for 12 hours because the released value is < -6.4 Historical events that allowed us to draw this conclusion
01 Feb 08:00 |
04 Nov 08:00 |
04 May 07:00 |
15 Apr 09:30 |
05 Feb 06:45 |
04 Nov 06:45 |
All references to movement sizes are expressed assuming a lot size of 100,000 units (“standard account”).
