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We expect EURUSD to trend downwards for the next 48 hours.

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”).

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After experiencing a 5.68% bullish move in the space of 17 days, nobody knows where AUS200 is headed.

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Merck & Co. Inc. is approaching the resistance line of a Resistance. It has touched this line numerous times in the last 18 days.

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