Based on the last 12 Consumer Confidence Flash events in Euro Area, we expect a $1540 movement on EURUSD within 48 hours following the event release at 2023-05-22 14:00. We expect EURUSD to trend downwards 48 hours following the event release at 2023-05-22 14:00 if the released value is < -16.8 Historical events that allowed us to draw this conclusion
23 Mar 15:00 |
20 Dec 15:00 |
22 Sep 14:00 |
20 Jul 14:00 |
22 Jun 14:00 |
All references to movement sizes are expressed assuming a lot size of 100,000 units (“standard account”).
