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We expect UB to trend upwards today with a 71.43% chance.

We expect UB to trend upwards later today. Based on these past Euro Area Industrial Production YoY news events there is a 71.43% chance of this. We expect this to happen if the released value is > 0.5%. A price movement of 210 pips is expected.

Historical events that allowed us to draw this conclusion

14 Nov 10:00
12 Oct 09:00
12 Aug 09:00
13 Jul 09:00
16 Feb 10:00

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

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There is a 71.43% chance of EURUSD trending downwards

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