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We expect DX to trend downwards today.

Based on the last 12 Unemployment Rate events in Euro Area, we expect DX to trend downwards later today. Based on these past events there is a 80% chance of this. We expect DX to trend downwards 48 hours following the event release at 30 Sep 09:00 if the released value is = 7.5%. A price movement of 74 pips is expected.

Historical events that allowed us to draw this conclusion

01 Sep 09:00
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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