We expect EURUSD to trend down for the next 2 hours. Based on these past DE ZEW Economic Sentiment Index news events there is a 85.7% of this.
We expect this to happen because the released value is < -12. A price movement of 10 pips is expected.
Historical events that allowed us to draw this conclusion
10 Jul 09:00 |
12 Jun 09:00 |
17 Apr 09:00 |
20 Mar 10:00 |
12 Dec 10:00 |
17 Oct 09:00 |
* All references to movement sizes are expressed assuming a lot size of 100,000 units (“standard account”)
