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We expect EURUSD to trend downwards for the next 4 hours.

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”).

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Support line breached by LTCUSD. This price has been tested at least twice before.

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We expect SB to trend upwards with a 66.67% chance.

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