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What to trade around the EMU Consumer Confidence Flash news event

What to trade around the EMU Consumer Confidence Flash news event

Based on the last 12 Consumer Confidence Flash events in EMU, we expect USDCHF to trend up right now. Based on these past events there is a 83.3% of this.
We expect USDCHF to trend up for the next 2 hours because the released value is < -7. A price movement of 11 pips is expected. Historical events that allowed us to draw this conclusion

21 Mar 15:00
 
21 Dec 15:00
 
20 Sep 14:00
 
23 Aug 14:00
 
23 May 14:00
 

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

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