Based on the last 12 Balance of Trade events in Germany, we may expect EURUSD to trend downwards right now. Based on these past events there is a 71.43% chance of this. We made this conclusion because because the released value is > €15B. A price movement of 28 pips may be experienced.
Historical events that allowed us to draw this conclusion
03 Aug 06:00 |
05 Jun 06:00 |
04 May 06:00 |
03 Mar 07:00 |
02 Feb 07:00 |
All references to movement sizes are expressed assuming a lot size of 100,000 units (“standard account”).
