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

We expect a $210 movement on EURUSD within the next 2 hours. We expect EURUSD to trend downwards 2 hours following the Industrial Production YoY events in Euro Area release because the released value is > 0.3%. A price movement of 21 pips is expected.

Historical events that allowed us to draw this conclusion

20 Apr 09:00
16 Feb 10:00
12 Nov 10:00
13 Oct 09:00
15 Sep 09:00

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

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