We expect a $210 movement on EURUSD within the next 2 hours. We expect EURUSD to trend downwards 2 hours following the Industrial Production YoY events in Euro Area release because the released value is > 0.3%. A price movement of 21 pips is expected.
Historical events that allowed us to draw this conclusion
20 Apr 09:00 |
16 Feb 10:00 |
12 Nov 10:00 |
13 Oct 09:00 |
15 Sep 09:00 |
All references to movement sizes are expressed assuming a lot size of 100,000 units (“standard account”).
