Based on the last 12 KOF Leading Indicators events in Switzerland, we expect EURUSD to trend downwards. Based on these past events there is a 75% chance of this. We expect EURUSD to trend downwards for 12 hours because the released value is < 96.2. A price movement of 69 pips is expected. Historical events that allowed us to draw this conclusion
28 Jun 07:00 |
29 May 07:00 |
28 Feb 08:00 |
28 Dec 08:00 |
30 Nov 08:00 |
30 Oct 08:00 |
All references to movement sizes are expressed assuming a lot size of 100,000 units (“standard account”).
