We expect a $500 movement on EURUSD within the next 12 hours. We expect EURUSD to trend downwards 12 hours following the Retail Sales MoM events in United States release because the released value is > 0.3%. A price movement of 50 pips is expected.
Historical events that allowed us to draw this conclusion
14 Sep 12:30 |
15 Aug 12:30 |
15 Feb 13:30 |
16 Nov 13:30 |
All references to movement sizes are expressed assuming a lot size of 100,000 units (“standard account”).
