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There is a 80% chance of EURUSD trending upwards

Based on past United States Balance of Trade news events there is a 80% chance of EURUSD trending upwards. We expect this to happen because the released value is < $-54.6B. A price movement of 17 pips is expected. Historical events that allowed us to draw this conclusion

03 Jul 12:30
06 Jun 12:30
06 Mar 13:30
06 Dec 13:30

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

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