We expect EURUSD to trend upwards later today. Based on these past Switzerland Consumer Confidence news events there is a 75% chance of this. We expect this to happen if the released value is > 6. A price movement of 33 pips is expected.

Historical events that allowed us to draw this conclusion

04 Aug 15:45	01 Feb 17:45
01 Nov 17:45

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