Based on the last 12 Consumer Confidence Flash events in Euro Area, we expect EURUSD to trend upwards right now. Based on these past events there is a 66.67% chance of this. We expect EURUSD to trend upwards for the next 12 hours because the released value is > -7. A price movement of 13 pips is expected.
Historical events that allowed us to draw this conclusion
21 May 14:00 |
23 Oct 14:00 |
All references to movement sizes are expressed assuming a lot size of 100,000 units (“standard account”).
