Based on the last 12 ISM Manufacturing PMI events in United States, we expect a $420 movement on EURUSD within the next 12 hours. We expect EURUSD to trend upwards for the next 12 hours because the released value is < 49.2 Historical events that allowed us to draw this conclusion
01 Nov 14:00 |
01 Oct 14:00 |
03 Sep 14:00 |
01 Aug 14:00 |
03 Jun 14:00 |
03 Jan 15:00 |
All references to movement sizes are expressed assuming a lot size of 100,000 units (“standard account”).
