Based on the last 12 Continuing Jobless Claims events in United States, we expect EURUSD to trend downwards right now. Based on these past events there is a 80% chance of this. We expect EURUSD to trend downwards for the next 4 hours because the released value is > 1690K. A price movement of 11 pips is expected.
Historical events that allowed us to draw this conclusion
11 Jul 12:30 |
03 Jul 12:30 |
27 Jun 12:30 |
13 Jun 12:30 |
All references to movement sizes are expressed assuming a lot size of 100,000 units (“standard account”).
