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We expect EURUSD to trend downwards right now.

We expect EURUSD to trend downwards for the next 48 hours. Based on these past Italy Inflation Rate YoY Prel news events there is a 75% chance of this. We expect this to happen because the released value is < 1%. A price movement of 102 pips is expected. Historical events that allowed us to draw this conclusion

29 Mar 10:00
01 Feb 10:00
30 Nov 10:00
31 Oct 10:00
31 Jul 09:00
28 Jun 09:00

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

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