Based on the last 12 Balance of Trade events in United States, we could see a $220 movement on EURUSD within the next 2 hours. We may see EURUSD trend downwards for 2 hours because the released value is < $-107B Historical events that allowed us to draw this conclusion
05 Apr 12:30 |
08 Mar 13:30 |
06 Jan 13:30 |
05 Oct 12:30 |
05 Aug 12:30 |
All references to movement sizes are expressed assuming a lot size of 100,000 units (“standard account”).
