Based on the last 12 Consumer Confidence Flash events in Euro Area, we expect EURUSD to trend upwards later today. Based on these past events there is a 75% chance of this. We expect EURUSD to trend upwards 2 hours following the event release at 20 Feb 15:00 if the released value is > -8.2. A price movement of 7 pips is expected.

Historical events that allowed us to draw this conclusion

21 May 14:00