We expect a $210 movement on EURUSD within the next 2 hours. We expect EURUSD to trend downwards 2 hours following the Ifo Business Climate events in Germany release because the released value is < 87.8. A price movement of 21 pips is expected. Historical events that allowed us to draw this conclusion
24 Nov 09:00 |
25 Jul 08:00 |
26 Jun 08:00 |
24 May 08:00 |
22 Feb 09:00 |
All references to movement sizes are expressed assuming a lot size of 100,000 units (“standard account”).
