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Pre Event Forecast

United States ISM Non-Manufacturing PMI News Event – a possible $470 movement on EURUSD

We expect a $470 movement on EURUSD within the next 2 hours. We expect EURUSD to trend downwards 2 hours following the ISM Non-Manufacturing PMI events in United States release because the released value is < 56. A price movement of 47 pips is expected. Historical events that allowed us to draw this conclusion

03 Jun 14:00
05 Apr 14:00
03 Mar 15:00
06 Jan 15:00