We expect a $760 movement on EURUSD within the next 12 hours. We expect EURUSD to trend downwards 12 hours following the Unemployment Rate events in United Kingdom release because the released value is = 4.6%. A price movement of 76 pips is expected.
Historical events that allowed us to draw this conclusion
15 Apr 06:00 |
20 Mar 07:00 |
17 Dec 07:00 |
10 Sep 06:00 |
18 Jul 06:00 |
All references to movement sizes are expressed assuming a lot size of 100,000 units (“standard account”).
