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We could see a 104 pip movement on EURUSD within 48 hours following this event release.

Based on the last 12 Unemployment Rate events in Germany, we may see a 104 pip movement on EURUSD within 48 hours following the event release at 30 Jun 07:55 UTC. EURUSD may trend downwards 48 hours following the event release at 30 Jun 07:55 UTC if the released value is = 5%

Historical events that allowed us to draw this conclusion

31 May 07:55
31 Mar 07:55
30 Nov 08:55
28 Oct 07:55
30 Jun 07:55

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

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