SEB: What to do with EUR/USD in two hours?

Currency strategist at the SEB carefully studied the history of the behavior of EUR/USD in the first day after the publication of the minutes from the FOMC meeting and recommend to do the following:
- Keep track of the dynamics of the couple in the first three hours after the event. If at that time EUR/USD is trading higher than the day before publication, buy and hold position one day;
- If EUR/USD is trading lower than the day before publication, sell and also hold the position just one day.
In the bank noted that the in period since 2010, this system has generated 84 signals, 52 of which (62%) worked in plus and brought an average gain of 0.5%. The average loss for the rest of the signals is 0.4%. Maximum profit is 1.6% and the maximum loss - 1.4%, analysts say.