Based on the last 12 Personal Income MoM events in United States, we could see a $350 movement on EURUSD within the next 12 hours. EURUSD could trend upwards for the next 12 hours because the released value is > 0.4%
Historical events that allowed us to draw this conclusion
28 Feb 13:30 |
27 Nov 15:00 |
28 Jun 12:30 |
All references to movement sizes are expressed assuming a lot size of 100,000 units (“standard account”).
