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We could expect EURUSD to trend downwards right now.

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”).

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UK100 experienced a very large 8 days bearish move to 7,274

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We could see ES trend downwards right now.

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