United States ISM Manufacturing PMI News Event – a possible $280 movement on EURUSD

Based on the last 12 ISM Manufacturing PMI events in United States, we expect a $280 movement on EURUSD within 2 hours following the event release at 01 Dec 15:00. We expect EURUSD to trend upwards 2 hours following the event release at 01 Dec 15:00 if the released value is < 58 Historical events that allowed us to draw this conclusion

01 Oct 14:00
02 Mar 15:00
03 Jan 15:00
02 Dec 15:00