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We could expect EURUSD to trend upwards right now.

Based on the last 12 Inflation Rate YoY events in Canada, we may expect EURUSD to trend upwards 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 > 6.1%. A price movement of 22 pips may be experienced.

Historical events that allowed us to draw this conclusion

16 Mar 12:30
16 Feb 13:30
20 Oct 12:30
18 Aug 12:30
19 May 12:30

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

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Important price line being approached by CORN MAY 2022. This price has been tested numerous times before.

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