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We expect EURUSD to trend upwards right now.

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”).

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We expect a $2,568.562 movement on ZW within the next 2 hours.

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