We expect a $320 movement on EURUSD within 2 hours following the release of Michigan Consumer Sentiment Prel at 2023-01-14 02:00. We expect EURUSD to trend upwards 2 hours following the event release at 2023-01-14 02:00 if the released value is > 60.5. A price movement of 32 pips is expected.

Historical events that allowed us to draw this conclusion

10 Dec 02:00	15 Oct 01:00
16 Jul 00:00	15 Apr 00:00

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