There is a 80% chance of EURUSD trending upwards

Based on past Canada GDP Growth Rate QoQ news events there is a 80% chance of EURUSD trending upwards. We expect this to happen because the released value is > 0.4%. A price movement of 61 pips is expected.

Historical events that allowed us to draw this conclusion

30 Nov 13:30
31 Aug 12:30
31 Aug 12:30

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

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