We expect a $530 movement on EURUSD within 2 hours following the release of Consumer Confidence Flash at 21 May 00:00. We expect EURUSD to trend downwards 2 hours following the event release at 21 May 00:00 if the released value is > -24. A price movement of 53 pips is expected.

Historical events that allowed us to draw this conclusion

24 Mar 02:00	21 Feb 02:00
22 Nov 02:00	21 Sep 00:00
24 Jul 00:00

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