We expect a $250 movement on EURUSD within the next 4 hours. We expect EURUSD to trend downwards 4 hours following the Retail Sales MoM events in United Kingdom release because the released value is > -0.4%. A price movement of 25 pips is expected.
Historical events that allowed us to draw this conclusion
28 Mar 07:00 |
21 Feb 07:00 |
18 Oct 06:00 |
20 Sep 06:00 |
21 Jun 06:00 |
All references to movement sizes are expressed assuming a lot size of 100,000 units (“standard account”).
