9 pip movement on EURUSD expected

Based on the last 12 Business Confidence events in EMU, we expect a 9 pip movement on EURUSD within 2 hours following the event release at 29 Apr 09:00.
We expect EURUSD to trend up 2 hours following the event release at 29 Apr 09:00 if the released value is > 0.66

Historical events that allowed us to draw this conclusion

27 Feb 10:00
 
27 Sep 09:00
 
30 May 09:00
 
27 Apr 09:00
 

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

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