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There is a 75% chance of 6J trending downwards

Based on past Euro Area Unemployment Rate news events there is a 75% chance of 6J trending downwards. We expect this to happen because the released value is = 8.3%. A price movement of 0 pips is expected.

Historical events that allowed us to draw this conclusion

02 Dec 10:00
30 Oct 10:00
01 Oct 09:00

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

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