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We expect a $670 movement on EURUSD within the next 12 hours.

Based on the last 12 Inflation Rate YoY events in United Kingdom, we expect a $670 movement on EURUSD within the next 12 hours. We expect EURUSD to trend downwards for the next 12 hours because the released value is < 1.9% Historical events that allowed us to draw this conclusion

22 May 08:30
17 Apr 08:30
13 Feb 09:30
17 Oct 08:30

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

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We expect a $914.668 movement on USDCHF within the next 48 hours.

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A quick move expected on GBP/USD as it starts approaching a support line of a Rising Wedge

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