We expect a $170 movement on EURUSD within the next 2 hours.
We expect EURUSD to trend down 2 hours following the ISM Manufacturing PMI events in US release because the released value is < 55. A price movement of 17 pips is expected.
Historical events that allowed us to draw this conclusion
01 Mar 15:00 |
01 Nov 14:00 |
01 Oct 14:00 |
01 Aug 14:00 |
01 May 14:00 |
* All references to movement sizes are expressed assuming a lot size of 100,000 units (“standard account”)
