United Kingdom Balance of Trade News Event – a possible $220 movement on EURUSD

Based on the last 12 Balance of Trade events in United Kingdom, we expect a $220 movement on EURUSD within the next 2 hours. We expect EURUSD to trend upwards for 2 hours because the released value is > £-1.0B

Historical events that allowed us to draw this conclusion

09 Oct 06:00
12 Aug 06:00
12 Jun 06:00
11 Mar 09:30
11 Feb 09:30
13 Jan 09:30