Based on past United Kingdom Retail Sales MoM news events there is a 66.67% chance of EURUSD trending downwards. We expect this to happen because the released value is > 0.2%. A price movement of 25 pips is expected.
Historical events that allowed us to draw this conclusion
28 Mar 07:00 |
21 Feb 07:00 |
18 Oct 06:00 |
20 Sep 06:00 |
All references to movement sizes are expressed assuming a lot size of 100,000 units (“standard account”).
