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There is a 85.71% chance of EURUSD trending upwards

Based on past Australia Westpac Consumer Confidence Index news events there is a 85.71% chance of EURUSD trending upwards. We expect this to happen because the released value is < 99.2. A price movement of 19 pips is expected. Historical events that allowed us to draw this conclusion

08 Feb 23:30
14 Dec 23:30
13 Oct 00:30
11 Aug 00:30
09 Jun 00:30
19 May 00:30

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

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