Germany Markit Manufacturing PMI Flash News Event – a possible $310 movement on EURUSD

Past performance is not an indicator of future results.
Based on the last 12 Markit Manufacturing PMI Flash events in Germany, we expect a $310 movement on EURUSD within the next 4 hours. We expect EURUSD to trend downwards for 4 hours because the released value is < 49.7

Historical events that allowed us to draw this conclusion

24 Jan 08:30

14 Dec 08:30

23 Nov 08:30

24 Oct 08:30

21 Sep 08:30

22 Jun 08:30

23 May 08:30

22 Mar 08:30

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

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