Based on the last 12 Inflation Rate YoY Prel events in Italy, we may expect EURUSD to trend downwards right now. Based on these past events there is a 80% chance of this. We made this conclusion because because the released value is < 0.7%. A price movement of 102 pips may be experienced. Historical events that allowed us to draw this conclusion
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”).
