We expect EURUSD to trend downwards with a 75% chance.

Based on the last 12 Employment Change events in Australia, we expect EURUSD to trend downwards. Based on these past events there is a 75% chance of this. We expect EURUSD to trend downwards for 12 hours because the released value is > -50K. A price movement of 249 pips is expected.

Historical events that allowed us to draw this conclusion

16 Jul 01:30
16 Apr 01:30
19 Mar 00:30
20 Feb 00:30
23 Jan 00:30

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

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