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A 32 pip movement possible on EURUSD for the next 12 hours.

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”).

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