We expect 6E to trend upwards for the next 4 hours. Based on these past Euro Area Industrial Production YoY news events there is a 75% chance of this. We expect this to happen because the released value is < -1.3%. A price movement of 0 pips is expected. Historical events that allowed us to draw this conclusion
14 Aug 09:00 |
14 Jan 10:00 |
12 Sep 09:00 |
All references to movement sizes are expressed assuming a lot size of 100,000 units (“standard account”).
