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26 pip movement on EURUSD expected

26 pip movement on EURUSD expected

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”)

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