Based on the last 12 Balance of Trade events in United Kingdom, we may expect EURUSD to trend downwards right now. Based on these past events there is a 71.43% chance of this. We made this conclusion because because the released value is > £-11.8B. A price movement of 90 pips may be experienced.
Historical events that allowed us to draw this conclusion
11 Apr 06:00 |
11 Feb 07:00 |
14 Jan 07:00 |
11 Nov 07:00 |
11 Jun 06:00 |
All references to movement sizes are expressed assuming a lot size of 100,000 units (“standard account”).
