Based on the last 12 Industrial Production YoY events in Euro Area, we expect EURUSD to trend downwards later today. Based on these past events there is a 71.43% chance of this. We expect EURUSD to trend downwards 4 hours following the event release at 2023-01-13 10:00 if the released value is > 0.5%. A price movement of 27 pips is expected.
Historical events that allowed us to draw this conclusion
12 Aug 09:00 |
13 Jul 09:00 |
13 May 09:00 |
20 Apr 09:00 |
16 Feb 10:00 |
All references to movement sizes are expressed assuming a lot size of 100,000 units (“standard account”).
