We expect EURUSD to trend downwards for the next 2 hours. Based on these past Canada Ivey PMI s.a news events there is a 75% chance of this. We expect this to happen because the released value is < 55. A price movement of 24 pips is expected. Historical events that allowed us to draw this conclusion

06 Aug 00:00	08 Jul 00:00
07 May 00:00

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