Based on the last 12 Michigan Consumer Sentiment Prel events in United States, we expect EURUSD to trend upwards later today. Based on these past events there is a 75% chance of this. We expect EURUSD to trend upwards 12 hours following the event release at 2022-10-15 01:00 if the released value is > 59. A price movement of 53 pips is expected.

Historical events that allowed us to draw this conclusion

16 Jul 00:00	15 Apr 00:00
11 Dec 02:00

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