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We expect CL to trend upwards right now.

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”).

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