186 pip movement on EURUSD expected

Based on the last 12 Durable Goods Orders MoM events in United States, we expect a 186 pip movement on EURUSD within 48 hours following the event release at 28 Jan 00:30 GMT+11. We expect EURUSD to trend upwards 48 hours following the event release at 28 Jan 00:30 GMT+11 if the released value is > 0.9%

Historical events that allowed us to draw this conclusion

26 Nov 00:30
26 Aug 22:30
25 Jun 22:30
28 May 22:30
25 Mar 23:30
28 Feb 00:30
29 Jan 00:30

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