We expect EURUSD to trend upwards later today. Based on these past Australia Employment Change news events there is a 66.67% chance of this. We expect this to happen if the released value is < 25K. A price movement of 19 pips is expected. Historical events that allowed us to draw this conclusion
16 Feb 11:30 |
19 Jan 11:30 |
20 Oct 11:30 |
19 May 11:30 |
All references to movement sizes are expressed assuming a lot size of 100,000 units (“standard account”).