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There is a 66.67% chance of BO trending downwards

Based on past Euro Area Consumer Confidence Flash news events there is a 66.67% chance of BO trending downwards. We expect this to happen because the released value is < -19.6. A price movement of 139 pips is expected. Historical events that allowed us to draw this conclusion

23 Jan 15:00
22 Aug 14:00
20 Jun 14:00
23 Apr 14:00

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

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