58 pip movement on EURUSD expected

Based on the last 12 GDP Growth Rate QoQ 1st Est events in France, we expect a 58 pip movement on EURUSD within 48 hours following the event release at 28 Jan 17:30 GMT+11. We expect EURUSD to trend upwards 48 hours following the event release at 28 Jan 17:30 GMT+11 if the released value is < 0.5% Historical events that allowed us to draw this conclusion

30 Apr 15:30
31 Jan 17:30

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