Based on the last 12 Durable Goods Orders MoM events in US, we expect a $290 movement on EURUSD within the next 4 hours.
We expect EURUSD to trend down for 4 hours because the released value is > 0.8%
Historical events that allowed us to draw this conclusion
02 Apr 12:30 |
25 Oct 12:30 |
27 Sep 12:30 |
27 Jun 12:30 |
26 Apr 12:30 |
* All references to movement sizes are expressed assuming a lot size of 100,000 units (“standard account”)
