We expect a $70 movement on EURUSD within the next 4 hours.

We expect a $70 movement on EURUSD within the next 4 hours. We expect EURUSD to trend upwards 4 hours following the GfK Consumer Confidence events in United Kingdom release because the released value is < -15. A price movement of 7 pips is expected. Historical events that allowed us to draw this conclusion

21 Oct 23:01

19 Aug 23:01

24 Jun 23:01

22 Apr 23:01

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