United States Michigan Consumer Sentiment Prel News Event – a possible $490 movement on EURUSD

Based on the last 12 Michigan Consumer Sentiment Prel events in United States, we expect a $490 movement on EURUSD within 2 hours following the event release at 11 Dec 15:00. We expect EURUSD to trend downwards 2 hours following the event release at 11 Dec 15:00 if the released value is > 76.5

Historical events that allowed us to draw this conclusion

16 Oct 14:00
14 Aug 14:00
12 Jun 14:00
15 May 14:00
13 Mar 14:00
14 Feb 15:00
06 Dec 15:00