Based on past Euro Area Industrial Production YoY news events there is a 66.67% chance of DX trending downwards. We expect this to happen if the released value is > 4.1%. A price movement of 6 pips is expected.
Historical events that allowed us to draw this conclusion
13 Oct 09:00 |
15 Sep 09:00 |
14 Jun 09:00 |
14 Dec 10:00 |
All references to movement sizes are expressed assuming a lot size of 100,000 units (“standard account”).
