We expect EURUSD to trend downwards for the next 4 hours. Based on these past United States Adp Employment Change news events there is a 66.67% chance of this. We expect this to happen because the released value is > 400K. A price movement of 57 pips is expected.
Historical events that allowed us to draw this conclusion
01 Dec 13:15 |
03 Nov 12:15 |
30 Jun 12:15 |
03 Jun 12:15 |
All references to movement sizes are expressed assuming a lot size of 100,000 units (“standard account”).
