We expect 6S to trend downwards for the next 2 hours. Based on these past Euro Area Unemployment Rate news events there is a 66.67% chance of this. We expect this to happen because the released value is < 8.5%. A price movement of 0 pips is expected. Historical events that allowed us to draw this conclusion
01 Sep 09:00 |
02 Jul 09:00 |
03 Jun 09:00 |
01 Apr 09:00 |
All references to movement sizes are expressed assuming a lot size of 100,000 units (“standard account”).
