Based on the last 12 ECB Interest Rate Decision events in Euro Area, EURUSD could experience an downwards trend. Based on these past events there is a 80% chance of this, and the trend could last 4 hours because the released value is = 4.5%.
Historical events that allowed us to draw this conclusion
26 Oct 12:15 |
27 Jul 12:15 |
04 May 12:15 |
02 Feb 13:15 |
15 Dec 13:15 |
27 Oct 12:15 |
08 Sep 12:15 |
09 Jun 11:45 |
All references to movement sizes are expressed assuming a lot size of 100,000 units (“standard account”).
