We expect EURUSD to trend downwards for the next 48 hours. Based on these past Australia Unemployment Rate news events there is a 66.67% chance of this. We expect this to happen because the released value is > 3.4%. A price movement of 100 pips is expected.
Historical events that allowed us to draw this conclusion
14 Apr 01:30 |
11 Nov 00:30 |
All references to movement sizes are expressed assuming a lot size of 100,000 units (“standard account”).
