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We could expect GC to trend downwards right now.

Based on the last 12 GDP Growth Rate QoQ 2nd Est events in United States, we may expect GC to trend downwards right now. Based on these past events there is a 66.67% chance of this. We made this conclusion because because the released value is < -1.3%. A price movement of 659 pips may be experienced. Historical events that allowed us to draw this conclusion

27 May 12:30
25 Feb 13:30
25 Nov 13:30
28 May 12:30

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

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Important price line being approached by General Electric Co.. This price has been tested numerous times before.

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We could see USDCHF trend downwards for the next 2 hours.

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