Based on the last 12 Durable Goods Orders MoM events in United States, we expect EURUSD to trend upwards later today. Based on these past events there is a 66.67% chance of this. We expect EURUSD to trend upwards 12 hours following the event release at 2023-02-27 13:30 if the released value is < -4%. A price movement of 53 pips is expected. Historical events that allowed us to draw this conclusion
23 Dec 13:30 |
24 Aug 12:30 |
25 May 12:30 |
24 Mar 12:30 |
All references to movement sizes are expressed assuming a lot size of 100,000 units (“standard account”).
