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We expect a 3100 pip movement on C within 12 hours following the event release.

Based on the last 12 Unemployment Rate events in Euro Area, we expect C to trend downwards later today. Based on these past events there is a 66.67% chance of this. This may happen if the released value is < 6.6% Historical events that allowed us to draw this conclusion

01 Dec 10:00
30 Jun 09:00

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

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