Based on the last 12 ISM Manufacturing PMI events in United States, we could see a 36 pip movement on EURUSD for the next 4 hours. EURUSD could trend downwards for 4 hours because the released value is < 49 Historical events that allowed us to draw this conclusion
01 Aug 14:00 |
02 Jun 14:00 |
01 Apr 14:00 |
01 Nov 14:00 |
01 Oct 14:00 |
03 Sep 14:00 |
All references to movement sizes are expressed assuming a lot size of 100,000 units (“standard account”).
