Based on the last 12 Ivey PMI s.a events in Canada, we expect EURUSD to trend upwards right now. Based on these past events there is a 71.43% chance of this. We expect EURUSD to trend upwards for the next 48 hours because the released value is > 50. A price movement of 74 pips is expected.

Historical events that allowed us to draw this conclusion

08 Dec 02:00	08 Oct 01:00
09 Sep 00:00	08 Jul 00:00
06 Feb 02:00

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