We expect a $120 movement on EURUSD within the next 4 hours. We expect EURUSD to trend downwards 4 hours following the GDP Growth Rate QoQ events in Australia release because the released value is > 1%. A price movement of 12 pips is expected.

Historical events that allowed us to draw this conclusion

01 Jun 11:30	02 Mar 11:30
01 Dec 11:30	01 Sep 11:30
02 Jun 11:30	04 Mar 11:30

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