We expect a $470 movement on EURUSD within the next 4 hours. We expect EURUSD to trend downwards 4 hours following the Markit Manufacturing PMI Flash events in Germany release because the released value is > 56.4. A price movement of 47 pips is expected.

Historical events that allowed us to draw this conclusion

21 Aug 17:30	24 Jul 17:30
23 Jun 17:30	24 Mar 19:30
21 Feb 19:30	24 Jan 19:30

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