Based on past United States Michigan Consumer Sentiment Prel news events there is a 66.67% chance of EURUSD trending upwards. We expect this to happen if the released value is > 52.5. A price movement of 158 pips is expected.
Historical events that allowed us to draw this conclusion
15 Jul 14:00 |
14 Apr 14:00 |
10 Dec 15:00 |
All references to movement sizes are expressed assuming a lot size of 100,000 units (“standard account”).
