We expect a $190 movement on EURUSD within the next 12 hours.

We expect a $190 movement on EURUSD within the next 12 hours. We expect EURUSD to trend downwards 12 hours following the ISM Manufacturing PMI events in United States release because the released value is < 52. A price movement of 19 pips is expected. Historical events that allowed us to draw this conclusion

01 May 14:00

01 Mar 15:00

01 Nov 14:00

01 Oct 14:00

01 Aug 14:00

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