Based on the last 12 Consumer Confidence Flash events in Euro Area, we expect CL to trend upwards right now. Based on these past events there is a 66.67% chance of this. We expect CL to trend upwards for the next 4 hours because the released value is < -7. A price movement of 139 pips is expected. Historical events that allowed us to draw this conclusion
23 Oct 14:00 |
20 Jun 14:00 |
23 Apr 14:00 |
21 Dec 15:00 |
All references to movement sizes are expressed assuming a lot size of 100,000 units (“standard account”).
