We expect a $160 movement on EURUSD within the next 4 hours.

We expect a $160 movement on EURUSD within the next 4 hours. We expect EURUSD to trend upwards 4 hours following the RBA Interest Rate Decision events in Australia release because the released value is = 0.75%. A price movement of 16 pips is expected.

Historical events that allowed us to draw this conclusion

05 Nov 03:30

01 Oct 04:30

03 Sep 04:30

06 Aug 04:30

02 Jul 04:30

04 Jun 04:30

04 Dec 03:30

06 Nov 03:30

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