We expect EURUSD to trend downwards for the next 4 hours. Based on these past Euro Area Business Confidence news events there is a 66.67% chance of this. We expect this to happen because the released value is > 0.08. A price movement of 4 pips is expected.
Historical events that allowed us to draw this conclusion
27 Feb 10:00 |
27 Sep 09:00 |
All references to movement sizes are expressed assuming a lot size of 100,000 units (“standard account”).
