EURUSD may trend downwards from 2022-11-03 05:00

We expect a $2420 movement on EURUSD within 48 hours following the release of Fed Interest Rate Decision at 2022-11-03 05:00. We expect EURUSD to trend downwards 48 hours following the event release at 2022-11-03 05:00 if the released value is = 4%. A price movement of 242 pips is expected.

Historical events that allowed us to draw this conclusion

22 Sep 04:00
05 May 04:00
27 Jan 06:00
16 Dec 06:00
04 Nov 05:00
23 Sep 04:00
17 Jun 04:00
29 Apr 04:00

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