Based on the last 12 ISM Manufacturing PMI events in United States, we could see a 58 pip movement on EURUSD for the next 2 hours. EURUSD could trend downwards for 2 hours because the released value is > 48.4
Historical events that allowed us to draw this conclusion
03 Jan 15:00 |
02 Oct 14:00 |
01 Sep 14:00 |
01 May 14:00 |
All references to movement sizes are expressed assuming a lot size of 100,000 units (“standard account”).
