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We expect EURUSD to trend downwards today with a 66.67% chance.

Based on the last 12 Industrial Production YoY events in Euro Area, we expect EURUSD to trend downwards later today. Based on these past events there is a 66.67% chance of this. We expect EURUSD to trend downwards 4 hours following the event release at 2023-02-15 10:00 if the released value is < -0.7%. A price movement of 72 pips is expected. Historical events that allowed us to draw this conclusion

15 Jun 09:00
15 Mar 10:00

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

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Esperamos que el GC adopte hoy una tendencia downwards.

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D’après les 12 derniers événements de Production Industrielle (Annuel) en Zone Euro, nous attendons un mouvement de $720 sur EURUSD dans les 4 heures suivant la publication de l’événement à 2023-02-15 10:00.

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