Based on the last 12 Balance of Trade events in Germany, we could see a $770 movement on EURUSD within the next 48 hours. We may see EURUSD trend downwards for 48 hours because the released value is > €17B
Historical events that allowed us to draw this conclusion
09 Jan 07:00 |
09 Oct 06:00 |
08 Jul 06:00 |
05 Feb 07:00 |
All references to movement sizes are expressed assuming a lot size of 100,000 units (“standard account”).
