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US Durable Goods Orders MoM News Event – a possible $290 movement on EURUSD

US Durable Goods Orders MoM News Event – a possible $290 movement on EURUSD

Based on the last 12 Durable Goods Orders MoM events in US, we expect a $290 movement on EURUSD within the next 4 hours.
We expect EURUSD to trend down for 4 hours because the released value is > 0.8%

Historical events that allowed us to draw this conclusion

02 Apr 12:30
 
25 Oct 12:30
 
27 Sep 12:30
 
27 Jun 12:30
 
26 Apr 12:30
 

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

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