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We expect EURUSD to trend downwards for the next 2 hours.

Based on the last 12 ISM Manufacturing PMI events in United States, we could see a 58 pip movement on EURUSD for the next 2 hours. EURUSD could trend downwards for 2 hours because the released value is > 48.4

Historical events that allowed us to draw this conclusion

03 Jan 15:00
02 Oct 14:00
01 Sep 14:00
01 May 14:00

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

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We expect a $25243 movement on GC within 2 hours following the event release at 2024-04-01 14:00.

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Resistance line breached by USD/JPY. This price has been tested at least twice before.

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