We expect 6A to trend downwards for the next 2 hours. Based on these past Euro Area Industrial Production YoY news events there is a 66.67% chance of this. We expect this to happen because the released value is > -29.5%. A price movement of 0 pips is expected.
Historical events that allowed us to draw this conclusion
12 Mar 10:00 |
13 Nov 10:00 |
12 Jul 09:00 |
13 Jun 09:00 |
All references to movement sizes are expressed assuming a lot size of 100,000 units (“standard account”).
