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There is a 80% chance of BO trending downwards

We expect BO to trend downwards for the next 48 hours. Based on these past Germany Unemployment Rate news events there is a 80% chance of this. We expect this to happen because the released value is = 5.4%. A price movement of 166 pips is expected.

Historical events that allowed us to draw this conclusion

31 May 07:55
03 May 07:55
31 Mar 07:55
28 Oct 07:55

All references to movement sizes are expressed assuming a lot size of 100,000 units (“standard account”).

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