We expect a $1190 movement on EURUSD within the next 48 hours. We expect EURUSD to trend downwards 48 hours following the Ifo Business Climate events in Germany release because the released value is > 87. A price movement of 119 pips is expected.
Historical events that allowed us to draw this conclusion
25 Aug 08:00 |
25 Apr 08:00 |
22 Feb 09:00 |
25 Jan 09:00 |
All references to movement sizes are expressed assuming a lot size of 100,000 units (“standard account”).
