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We expect SB to trend upwards with a 66.67% chance.

Based on the last 12 Business Confidence events in Euro Area, we expect SB to trend upwards. Based on these past events there is a 66.67% chance of this. We expect SB to trend upwards for 12 hours because the released value is > 0.08. A price movement of 15 pips is expected.

Historical events that allowed us to draw this conclusion

29 Nov 10:00
27 Sep 09:00

All references to movement sizes are expressed assuming a lot size of 100,000 units (“standard account”).

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We expect EURUSD to trend downwards for the next 4 hours.

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