We expect HE to trend downwards for the next 48 hours. Based on these past Euro Area Industrial Production YoY news events there is a 71.43% chance of this. We expect this to happen because the released value is > 0.3%. A price movement of 1416 pips is expected.
Historical events that allowed us to draw this conclusion
20 Apr 09:00 |
16 Feb 10:00 |
12 Nov 10:00 |
13 Oct 09:00 |
15 Sep 09:00 |
All references to movement sizes are expressed assuming a lot size of 100,000 units (“standard account”).
