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On Event

58 pip movement on EURUSD expected

We expect EURUSD to trend downwards for the next 2 hours. Based on these past United States ISM Manufacturing PMI news events there is a 80% chance of this. We expect this to happen because the released value is > 48.4. A price movement of 58 pips is expected.

Historical events that allowed us to draw this conclusion

03 Jan 15:00
02 Oct 14:00
01 Sep 14:00
01 May 14:00