Why you should close your EURUSD positions today

Past performance is not an indicator of future results.
Be very careful of upcoming volatility because of Euro Area ECB Interest Rate Decision news event later today. Based on the last 12 ECB Interest Rate Decision events in Euro Area, we expect a $610 movement on EURUSD within 48 hours following the event release at 10 Apr 12:45. We expect this to happen if the released value is = 0%. A price movement of 61 pips is expected.

Historical events that allowed us to draw this conclusion

07 Mar 12:45
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
14 Dec 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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