Based on the last 12 Deposit Facilty Rate events in Euro Area, we could see a 116 pip movement on EURUSD for the next 4 hours. EURUSD could trend downwards for 4 hours because the released value is = 4%
Historical events that allowed us to draw this conclusion
25 Jan 13:15 |
04 May 12:15 |
02 Feb 13:15 |
15 Dec 13:15 |
All references to movement sizes are expressed assuming a lot size of 100,000 units (“standard account”).
