Based on the last 12 Westpac Consumer Confidence Index events in Australia, we expect a 19 pip movement on EURUSD for the next 4 hours. We expect EURUSD to trend upwards for 4 hours because the released value is < 99.2 Historical events that allowed us to draw this conclusion

09 Feb 10:30	15 Dec 10:30
13 Oct 11:30	11 Aug 10:30
09 Jun 10:30	19 May 10:30

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