Based on past United States Michigan Consumer Sentiment Prel news events there is a 75% chance of EURUSD trending downwards. We expect this to happen because the released value is > 71. A price movement of 47 pips is expected.
Historical events that allowed us to draw this conclusion
14 Jul 14:00 |
16 Jun 14:00 |
14 Apr 14:00 |
10 Feb 15:00 |
09 Dec 15:00 |
12 Aug 14:00 |
All references to movement sizes are expressed assuming a lot size of 100,000 units (“standard account”).
