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We expect EURUSD to trend downwards for the next 48 hours. Based on these past Germany Balance of Trade news events there is a 70% chance of this. We expect this to happen because the released value is < € -13.6B. A price movement of 181 pips is expected. Historical events that allowed us to draw this conclusion
04 Jul 16:00 |
03 Jun 16:00 |
04 Mar 18:00 |
09 Feb 18:00 |
09 Dec 18:00 |
09 Nov 18:00 |
09 Sep 16:00 |
09 Aug 16:00 |
All references to movement sizes are expressed assuming a lot size of 100,000 units (“standard account”).