Based on the last 12 Balance of Trade events in Germany, we could see a $170 movement on EURUSD within the next 2 hours. We may see EURUSD trend upwards for 2 hours because the released value is < €18B Historical events that allowed us to draw this conclusion
04 Jul 06:00 |
02 Dec 07:00 |
02 Sep 06:00 |
All references to movement sizes are expressed assuming a lot size of 100,000 units (“standard account”).
