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We expect a $430 movement on EURUSD within 4 hours following the event release at 08 Nov 07:00.

Based on the last 12 Balance of Trade events in Germany, we expect a $430 movement on EURUSD within 4 hours following the event release at 08 Nov 07:00. We expect EURUSD to trend upwards 4 hours following the event release at 08 Nov 07:00 if the released value is > €17.2B

Historical events that allowed us to draw this conclusion

10 Oct 06:00
09 Sep 06:00
09 Aug 06:00
08 Jul 06:00
10 May 06:00
08 Apr 06:00
11 Mar 07:00

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

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