We expect a $470 movement on EURUSD within 12 hours following the release of Retail Sales MoM at 16 Oct 23:30. We expect EURUSD to trend downwards 12 hours following the event release at 16 Oct 23:30 if the released value is > 0.7%. A price movement of 47 pips is expected.

Historical events that allowed us to draw this conclusion

16 Jul 22:30

16 Jun 22:30

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