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We expect EURUSD to trend upwards for the next 48 hours.

We expect EURUSD to trend upwards for the next 48 hours. Based on these past Australia Westpac Consumer Confidence Index news events there is a 71.43% chance of this. We expect this to happen because the released value is < 102. A price movement of 71 pips is expected. Historical events that allowed us to draw this conclusion

14 Dec 23:30
13 Oct 00:30
11 Aug 00:30
19 May 00:30
19 Jan 23:30

All references to movement sizes are expressed assuming a lot size of 100,000 units (“standard account”).

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After experiencing a 2.62% bullish move in the space of 12 days, nobody knows where EUR/USD is headed.

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There is a possibility of a big movement on BCHEUR after a breach of the support

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