What to trade around Euro Area GDP Growth Rate YoY Flash news event

Past performance is not an indicator of future results.
Based on the last 12 GDP Growth Rate YoY Flash events in Euro Area, we expect GBPUSD to trend upwards right now. Based on these past events there is a 66.67% chance of this. We expect GBPUSD to trend upwards for the next 48 hours because the released value is = 1.2%. A price movement of 75 pips is expected.

Historical events that allowed us to draw this conclusion

30 Jan 10:00

01 Aug 10:00

03 May 10:00

31 Oct 10:00

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

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