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Be very careful of upcoming volatility. We expect a $660 movement on EURUSD.

Be very careful of upcoming volatility because of Germany Balance of Trade news event later today. Based on the last 12 Balance of Trade events in Germany, we expect a $660 movement on EURUSD within 48 hours following the event release at 08 Jul 06:00. We expect this to happen if the released value is < €15.9B. A price movement of 66 pips is expected. Historical events that allowed us to draw this conclusion

08 Feb 07:00
08 Nov 07:00
07 Sep 06:00
09 Jul 06:00

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

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Support line breached by JPN225. This price has been tested at least twice before.

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After testing the support line numerous times, GER30 is once again approaching this line. Can we expect a bearish trend to follow?

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