Based on the last 12 Michigan Consumer Sentiment Prel events in United States, we expect EURUSD to trend downwards later today. Based on these past events there is a 85.71% chance of this. We expect EURUSD to trend downwards 2 hours following the event release at 12 Mar 15:00 if the released value is > 78.5. A price movement of 49 pips is expected.

Historical events that allowed us to draw this conclusion

11 Dec 15:00

16 Oct 14:00

14 Aug 14:00

12 Jun 14:00

15 May 14:00

13 Mar 14:00