We expect a $310 movement on EURUSD within the next 2 hours. We expect EURUSD to trend upwards 2 hours following the Ivey PMI s.a events in Canada release because the released value is > 48.8. A price movement of 31 pips is expected.

Historical events that allowed us to draw this conclusion

08 Jun 00:00	05 Mar 02:00
05 Feb 02:00	08 Dec 02:00
08 Oct 01:00

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