What to trade around Euro Area ECB Interest Rate Decision news event

Past performance is not an indicator of future results.
Based on the last 12 ECB Interest Rate Decision events in Euro Area, we expect GBPUSD to trend downwards right now. Based on these past events there is a 66.67% chance of this. We expect GBPUSD to trend downwards for the next 12 hours because the released value is = 0%. A price movement of 77 pips is expected.

Historical events that allowed us to draw this conclusion

13 Dec 12:45
25 Oct 12:45
26 Jul 12:45
14 Jun 12:45
26 Apr 12:45
08 Mar 12:45
25 Jan 12:45
26 Oct 12:45

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

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