Based on the last 12 Balance of Trade events in United Kingdom, we expect EURUSD to trend upwards later today. Based on these past events there is a 75% chance of this. We expect EURUSD to trend upwards 2 hours following the event release at 2023-04-13 16:00 if the released value is > £-4.9B. A price movement of 88 pips is expected.

Historical events that allowed us to draw this conclusion

10 Mar 18:00	13 Jan 18:00
12 Dec 18:00	11 Nov 18:00
12 Sep 16:00	11 Apr 16:00

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