We expect a $1260 movement on EURUSD within 48 hours following the release of Balance of Trade at 2024-11-07 00:30. We expect EURUSD to trend upwards 48 hours following the event release at 2024-11-07 00:30 if the released value is < A$5.300B. A price movement of 126 pips is expected. Historical events that allowed us to draw this conclusion
04 Jul 01:30 |
02 May 01:30 |
05 Apr 00:30 |
07 Mar 00:30 |
07 Dec 00:30 |
02 Nov 00:30 |
All references to movement sizes are expressed assuming a lot size of 100,000 units (“standard account”).
