Based on the last 12 Unemployment Rate events in Euro Area, we expect EURUSD to trend downwards later today. Based on these past events there is a 83.33% chance of this. We expect EURUSD to trend downwards 48 hours following the event release at 31 Jul 09:00 if the released value is = 7.5%. A price movement of 53 pips is expected.
Historical events that allowed us to draw this conclusion
01 Apr 09:00 |
31 Jan 10:00 |
01 Oct 09:00 |
31 Aug 09:00 |
31 Jul 09:00 |
All references to movement sizes are expressed assuming a lot size of 100,000 units (“standard account”).
