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We expect a $880 movement on EURUSD within the next 48 hours.

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”).

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USD/CHF is approaching 0.9188. We expect either a breakout through this line, or a rebound.

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DASHETH – approaching a price line that has been previously tested numerous times in the past

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