Based on the last 12 ISM Manufacturing PMI events in United States, we expect EURUSD to trend downwards later today. Based on these past events there is a 80% chance of this. We expect EURUSD to trend downwards 2 hours following the event release at 01 Sep 14:00 if the released value is > 54.5. A price movement of 9 pips is expected.

Historical events that allowed us to draw this conclusion