We expect EURUSD to trend upwards later today. Based on these past United Kingdom GfK Consumer Confidence news events there is a 80% chance of this. We expect this to happen if the released value is < -14. A price movement of 19 pips is expected. Historical events that allowed us to draw this conclusion
27 Jun 23:01 |
29 Apr 23:01 |
29 Nov 18:01 |
27 Sep 23:01 |
All references to movement sizes are expressed assuming a lot size of 100,000 units (“standard account”).
