We expect EURUSD to trend upwards with a 83.33% chance.

Based on the last 12 Retail Sales MoM events in United States, we expect EURUSD to trend upwards. Based on these past events there is a 83.33% chance of this. We expect EURUSD to trend upwards for 4 hours because the released value is < 1%. A price movement of 10 pips is expected.Historical events that allowed us to draw this conclusion

14 Aug 12:30
15 May 12:30
15 Apr 12:30
17 Mar 12:30
16 Oct 12:30

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

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