Below is a list of times and economic data affecting the Euro and the importance of the data – ie how likely it is to cause the currency to move. You can see 0700 and 0800 are important times.
As with all event trading I like to:
1. Look at one minute charts.
2. I wait for the first minute to complete. If it is, say, down, then I go short in the second minute as soon as the low of the first minute is breached.
3. Exit 50% on a 2 minute high and 50% on a 3 minute high. ie the highest the price has been in 2 minutes or 3 minutes.