159 pip movement on EURUSD expected

We expect a $1590 movement on EURUSD within the next 48 hours. We expect EURUSD to trend upwards 48 hours following the GDP Growth Rate QoQ events in Canada release because the released value is < 1%. A price movement of 159 pips is expected. Historical events that allowed us to draw this conclusion

31 Aug 22:30
02 Dec 00:30

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