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We expect EURUSD to trend downwards today with a 71.43% chance.

Based on the last 12 Continuing Jobless Claims events in United States, we expect EURUSD to trend downwards later today. Based on these past events there is a 71.43% chance of this. We expect EURUSD to trend downwards 4 hours following the event release at 13 Jan 13:30 if the released value is < 1733K. A price movement of 35 pips is expected. Historical events that allowed us to draw this conclusion

30 Dec 13:30
16 Dec 13:30
02 Dec 13:30
04 Nov 12:30
21 Oct 12:30

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

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