We expect a $500 movement on EURUSD within the next 48 hours. We expect EURUSD to trend upwards 48 hours following the Ivey PMI s.a events in Canada release because the released value is > 47. A price movement of 50 pips is expected.

Historical events that allowed us to draw this conclusion

08 Aug 00:00	08 Jul 00:00
06 Jun 00:00	07 Mar 02:00

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