We expect USDCHF to trend downwards for the next 48 hours. Based on these past Euro Area Consumer Confidence Flash news events there is a 66.67% chance of this. We expect this to happen because the released value is < -12.9. A price movement of 47 pips is expected. Historical events that allowed us to draw this conclusion
18 Feb 15:00 |
21 Dec 15:00 |
23 Aug 14:00 |
22 Jun 14:00 |
All references to movement sizes are expressed assuming a lot size of 100,000 units (“standard account”).
