USDCHF will trend downwards from 21 Dec 13:30

We expect USDCHF to trend downwards later today. Based on these past United States GDP Price Index QoQ Final news events there is a 71.43% chance of this. We expect this to happen if the released value is = 1.4%. A price movement of 16 pips is expected.

Historical events that allowed us to draw this conclusion

21 Dec 13:30
28 Sep 13:30
25 Mar 12:30
22 Dec 13:30

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

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