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”).