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There is a 71.43% chance of EURUSD trending upwards

Based on past France Inflation Rate YoY Prel news events there is a 71.43% chance of EURUSD trending upwards. We expect this to happen if the released value is < 1.5%. A price movement of 25 pips is expected. Historical events that allowed us to draw this conclusion

27 Sep 06:45
28 Jun 06:45
31 May 06:45
29 Mar 07:45
04 Jan 07:45

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

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LTCEUR – approaching a support line that has been previously tested at least twice in the past

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

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