96 pip movement on EURUSD expected

Based on the last 12 Retail Sales MoM events in United States, we expect a 96 pip movement on EURUSD within 48 hours following the event release at 16 Sep 22:30 GMT+10. We expect EURUSD to trend upwards 48 hours following the event release at 16 Sep 22:30 GMT+10 if the released value is > -0.8%

Historical events that allowed us to draw this conclusion

15 Apr 22:30
18 Feb 00:30
16 Oct 23:30

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