Based on the last 12 Unemployment Rate events in US, we expect EURUSD to trend down right now. Based on these past events there is a 75.0% of this.
We expect EURUSD to trend down for the next 2 hours because the released value is < 3.8%. A price movement of 29 pips is expected.
Historical events that allowed us to draw this conclusion
01 Jun 12:30 |
04 May 12:30 |
03 Nov 12:30 |
* All references to movement sizes are expressed assuming a lot size of 100,000 units (“standard account”)
