Based on past United States Michigan Consumer Sentiment Prel news events there is a 80% chance of EURUSD trending downwards. We expect this to happen because the released value is < 79. A price movement of 66 pips is expected. Historical events that allowed us to draw this conclusion

10 Apr 00:00	09 Nov 02:00
17 Aug 00:00	20 Jul 00:00

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