Based on the last 12 Michigan Consumer Sentiment Prel events in United States, we could see a $430 movement on EURUSD within the next 4 hours. We may see EURUSD trend downwards for 4 hours because the released value is > 53.5
Historical events that allowed us to draw this conclusion
06 Dec 15:00 |
08 Nov 15:00 |
13 Sep 14:00 |
All references to movement sizes are expressed assuming a lot size of 100,000 units (“standard account”).
