There is a 66.67% chance of USDCHF trending downwards

Based on past Euro Area Consumer Confidence Flash news events there is a 66.67% chance of USDCHF trending downwards. We expect this to happen because the released value is > -7.3. A price movement of 39 pips is expected.

Historical events that allowed us to draw this conclusion

20 Sep 14:00
21 May 14:00

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

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