Based on the last 12 Consumer Confidence Flash events in Euro Area, we expect MW to trend upwards. Based on these past events there is a 75% chance of this. We expect MW to trend upwards for 4 hours because the released value is > -8.2. A price movement of 425 pips is expected.
Historical events that allowed us to draw this conclusion
All references to movement sizes are expressed assuming a lot size of 100,000 units (“standard account”).
