Based on the last 12 Westpac Consumer Confidence Index events in Australia, we expect EURUSD to trend upwards. Based on these past events there is a 66.67% chance of this. We expect EURUSD to trend upwards for 48 hours because the released value is < 106. A price movement of 46 pips is expected. Historical events that allowed us to draw this conclusion

13 Oct 11:30	11 Aug 10:30
19 May 10:30	20 Jan 10:30

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