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We expect EURUSD to trend downwards today with a 75% chance.

Based on the last 12 Continuing Jobless Claims events in United States, EURUSD could trend downwards later today. Based on these past events there is a 75% chance of this. If the released value is < 1325K we could see EURUSD trend downwards 48 hours following the event release at 02 Jun 12:30. Historical events that allowed us to draw this conclusion

05 May 12:30
21 Apr 12:30
14 Apr 12:30
31 Mar 12:30
24 Mar 12:30
17 Mar 12:30

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

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We could see CL trend downwards right now.

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Maybe a $287.965 movement on TN within the next 48 hours.

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