We expect EURUSD to trend downwards for the next 48 hours. Based on these past United States Michigan Consumer Sentiment Prel news events there is a 66.67% chance of this. We expect this to happen because the released value is < 67.5. A price movement of 96 pips is expected. Historical events that allowed us to draw this conclusion
14 Jan 15:00 |
12 Nov 15:00 |
17 Sep 14:00 |
13 Aug 14:00 |
16 Jul 14:00 |
12 Feb 15:00 |
All references to movement sizes are expressed assuming a lot size of 100,000 units (“standard account”).
