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There is a 80% chance of EURUSD trending downwards

Based on past Germany Inflation Rate YoY Prel news events there is a 80% chance of EURUSD trending downwards. We expect this to happen because the released value is > 1.5%. A price movement of 48 pips is expected.

Historical events that allowed us to draw this conclusion

27 Jun 12:00
30 Apr 12:00
28 Feb 13:00
27 Sep 12:00

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

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