We expect a $140 movement on EURUSD within the next 2 hours.

We expect a $140 movement on EURUSD within the next 2 hours. We expect EURUSD to trend upwards 2 hours following the Consumer Confidence events in Japan release because the released value is < 36. A price movement of 14 pips is expected. Historical events that allowed us to draw this conclusion

31 Jan 05:00

05 Jan 05:00

02 Dec 05:00

31 Aug 05:00

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