We expect EURUSD to trend downwards for the next 12 hours. Based on these past Germany Unemployment Rate news events there is a 88.89% chance of this. We expect this to happen because the released value is = 5%. A price movement of 23 pips is expected.
Historical events that allowed us to draw this conclusion
01 Jul 07:55 |
29 Mar 08:55 |
01 Mar 08:55 |
31 Jan 08:55 |
04 Jan 08:55 |
30 Oct 08:55 |
30 Aug 07:55 |
31 Jul 07:55 |
All references to movement sizes are expressed assuming a lot size of 100,000 units (“standard account”).
