Based on the last 12 Balance of Trade events in US, we expect a 26 pip movement on EURUSD for the next 4 hours.
We expect EURUSD to trend down for 4 hours because the released value is < $-53.6B
Historical events that allowed us to draw this conclusion
05 Apr 12:30 |
07 Mar 13:30 |
05 Jan 13:30 |
05 Dec 13:30 |
03 Nov 12:30 |
* All references to movement sizes are expressed assuming a lot size of 100,000 units (“standard account”)
