We expect a $320 movement on EURUSD within 12 hours following the release of NAB Business Confidence at 08 Jun 11:30. We expect EURUSD to trend upwards 12 hours following the event release at 08 Jun 11:30 if the released value is < 24. A price movement of 32 pips is expected. Historical events that allowed us to draw this conclusion

13 Apr 11:30

11 Aug 11:30

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