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ES – a possible trend downwards with a 75% chance.

Based on the last 12 ECB Interest Rate Decision events in Euro Area, ES could experience an downwards trend. Based on these past events there is a 75% chance of this, and the trend could last 2 hours because the released value is = 0%.

Historical events that allowed us to draw this conclusion

14 Apr 11:45
10 Mar 12:45
03 Feb 12:45
16 Dec 12:45
22 Jul 11:45
22 Apr 11:45
11 Mar 12:45
21 Jan 12:45
10 Dec 12:45

All references to movement sizes are expressed assuming a lot size of 100,000 units (“standard account”).

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