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 75% chance of this. We expect EURUSD to trend upwards for 4 hours because the released value is > 95. A price movement of 10 pips is expected.

Historical events that allowed us to draw this conclusion

15 Sep 10:30	14 Jul 10:30
14 Apr 10:30

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