We expect a $760 movement on EURUSD within the next 48 hours. We expect EURUSD to trend downwards 48 hours following the GfK Consumer Confidence events in United Kingdom release because the released value is > -14. A price movement of 76 pips is expected.
Historical events that allowed us to draw this conclusion
30 Jul 23:01 |
29 Mar 00:01 |
28 Feb 00:01 |
31 Jan 00:01 |
All references to movement sizes are expressed assuming a lot size of 100,000 units (“standard account”).
