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We expect EURUSD to trend upwards with a 66.67% chance.

Based on the last 12 Michigan Consumer Sentiment Prel events in United States, EURUSD could experience an upwards trend. Based on these past events there is a 66.67% chance of this, and the trend could last 4 hours because the released value is < 76.9. Historical events that allowed us to draw this conclusion

16 Feb 15:00
10 Nov 15:00
15 Sep 14:00
17 Mar 14:00

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

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