We expect EURUSD to trend downwards for the next 48 hours. Based on these past Italy Inflation Rate YoY Prel news events there is a 75% chance of this. We expect this to happen because the released value is < 1%. A price movement of 102 pips is expected. Historical events that allowed us to draw this conclusion
29 Mar 10:00 |
01 Feb 10:00 |
30 Nov 10:00 |
31 Oct 10:00 |
31 Jul 09:00 |
28 Jun 09:00 |
All references to movement sizes are expressed assuming a lot size of 100,000 units (“standard account”).
