We expect EURUSD to trend downwards later today. Based on these past United Kingdom GfK Consumer Confidence news events there is a 83.33% chance of this. We expect this to happen if the released value is > -26. A price movement of 58 pips is expected.
Historical events that allowed us to draw this conclusion
20 Apr 23:01 |
24 Feb 00:01 |
16 Dec 00:01 |
20 Oct 23:01 |
21 Jul 23:01 |
All references to movement sizes are expressed assuming a lot size of 100,000 units (“standard account”).
