There is a 80% chance of EURUSD trending upwards

Based on past Canada Ivey PMI s.a news events there is a 80% chance of EURUSD trending upwards. We expect this to happen if the released value is < 65. A price movement of 48 pips is expected.Historical events that allowed us to draw this conclusion

07 May 14:00
07 Jan 15:00
07 Oct 14:00
04 Sep 14:00

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

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