We expect a $510 movement on EURUSD within the next 48 hours. We expect EURUSD to trend upwards 48 hours following the Inflation Rate YoY events in Japan release because the released value is > 2.5%. A price movement of 51 pips is expected.
Historical events that allowed us to draw this conclusion
23 May 23:30 |
21 Dec 23:30 |
23 Nov 23:30 |
17 Aug 23:30 |
All references to movement sizes are expressed assuming a lot size of 100,000 units (“standard account”).
