Based on the last 12 Industrial Production YoY events in Euro Area, we expect EURUSD to trend downwards later today. Based on these past events there is a 66.67% chance of this. We expect EURUSD to trend downwards 4 hours following the event release at 2023-02-15 10:00 if the released value is < -0.7%. A price movement of 72 pips is expected. Historical events that allowed us to draw this conclusion
15 Jun 09:00 |
15 Mar 10:00 |
All references to movement sizes are expressed assuming a lot size of 100,000 units (“standard account”).
