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There is a 71.43% chance of EURUSD trending downwards

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”).

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We expect UB to trend upwards today with a 71.43% chance.

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Nous nous attendons à ce que NZDUSD aille à la hausse plus tard dans la journée. D’après les précédents évènements de Zone Euro pour Production Industrielle (Annuel) il y a une probabilité de 85,71% que cela arrive.

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