Based on the last 12 GDP Growth Rate QoQ Flash events in Germany, we expect EURUSD to trend downwards right now. Based on these past events there is a 66.67% chance of this. We expect EURUSD to trend downwards for the next 48 hours because the released value is < -0.3%. A price movement of 74 pips is expected. Historical events that allowed us to draw this conclusion
29 Oct 08:00 |
30 Jul 08:00 |
30 Apr 08:00 |
14 Feb 07:00 |
All references to movement sizes are expressed assuming a lot size of 100,000 units (“standard account”).
