We expect a $270 movement on EURUSD within 2 hours following the release of Balance of Trade at 19 May 23:50. We expect EURUSD to trend downwards 2 hours following the event release at 19 May 23:50 if the released value is > ¥140B. A price movement of 27 pips is expected.

Historical events that allowed us to draw this conclusion

18 Apr 23:50

16 Feb 23:50

17 Nov 23:50

15 Sep 23:50

18 Aug 23:50