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We expect EURUSD to trend downwards for the next 12 hours.

Based on past Euro Area Unemployment Rate news events there is a 71.43% chance of EURUSD trending downwards. We expect this to happen because the released value is = 6.6%. A price movement of 90 pips is expected.

Historical events that allowed us to draw this conclusion

01 Sep 09:00
01 Jun 09:00
10 Jan 10:00
02 Dec 10:00
30 Sep 09:00

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

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