We expect USDCHF to trend upwards for the next 2 hours. Based on these past Euro Area GDP Growth Rate QoQ 2nd Est news events there is a 66.67% chance of this. We expect this to happen because the released value is = 0.7%. A price movement of 11 pips is expected.
Historical events that allowed us to draw this conclusion
16 Nov 10:00 |
17 Aug 09:00 |
14 Aug 09:00 |
15 May 09:00 |
14 Feb 10:00 |
14 Nov 10:00 |
All references to movement sizes are expressed assuming a lot size of 100,000 units (“standard account”).
