We expect EURUSD to trend downwards right now.

Based on the last 12 Unemployment Rate events in Australia, we expect EURUSD to trend downwards right now. Based on these past events there is a 80% chance of this. We expect EURUSD to trend downwards for the next 48 hours because the released value is = 5.3%. A price movement of 51 pips is expected.

Historical events that allowed us to draw this conclusion

19 Sep 01:30

15 Aug 01:30

18 Jul 01:30

18 Apr 01:30

21 Feb 00:30

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