Based on the last 12 ISM Non-Manufacturing PMI events in United States, we expect a $880 movement on EURUSD within the next 48 hours. We expect EURUSD to trend downwards for 48 hours because the released value is > 59.5
Historical events that allowed us to draw this conclusion
03 Dec 15:00 |
03 Nov 14:00 |
05 Oct 14:00 |
03 Sep 14:00 |
04 Aug 14:00 |
03 Feb 15:00 |
All references to movement sizes are expressed assuming a lot size of 100,000 units (“standard account”).
