We expect EURUSD to trend up for the next 4 hours. Based on these past US ISM Non-Manufacturing PMI news events there is a 80.0% of this.
We expect this to happen because the released value is < 57. A price movement of 10 pips is expected.
Historical events that allowed us to draw this conclusion
03 Apr 14:00 |
07 Jan 15:00 |
03 Aug 14:00 |
03 May 14:00 |
* All references to movement sizes are expressed assuming a lot size of 100,000 units (“standard account”)
