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We expect a 1416 pip movement on HE for the next 48 hours.

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”).

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