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There is a 83.33% chance of SI trending downwards

Based on past Euro Area Unemployment Rate news events there is a 83.33% chance of SI trending downwards. We expect this to happen because the released value is < 8.3%. A price movement of 116 pips is expected. Historical events that allowed us to draw this conclusion

08 Jan 10:00
01 Sep 09:00
03 Jun 09:00
30 Apr 09:00
01 Apr 09:00

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

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A final push expected on EUSTX50 as it starts approaching a price line of 3652.0000.

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