United States Balance of Trade News Event – a $780 opportunity on EURUSD

We expect a $780 movement on EURUSD within the next 48 hours. We expect EURUSD to trend downwards 48 hours following the Balance of Trade events in United States release because the released value is < $-66.1B. A price movement of 78 pips is expected. Historical events that allowed us to draw this conclusion

03 Sep 22:30
05 Aug 22:30
05 May 22:30
06 Feb 00:30

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