We expect a $220 movement on EURUSD within the next 2 hours. We expect EURUSD to trend downwards 2 hours following the Balance of Trade events in United States release because the released value is < $-70.3B. A price movement of 22 pips is expected. Historical events that allowed us to draw this conclusion
07 Jul 12:30 |
04 May 12:30 |
05 Apr 12:30 |
08 Mar 13:30 |
06 Jan 13:30 |
05 Oct 12:30 |
All references to movement sizes are expressed assuming a lot size of 100,000 units (“standard account”).
