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We expect EURUSD to trend upwards today.

Based on past Germany Balance of Trade news events there is a 71.43% chance of EURUSD trending upwards. We expect this to happen if the released value is < €20.2B. A price movement of 26 pips is expected. Historical events that allowed us to draw this conclusion

10 Mar 07:00
13 Dec 07:00
07 Nov 07:00
07 Aug 06:00
07 Jun 06:00

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

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We expect a $19283196 movement on YM within 48 hours following the release of Balance of Trade.

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