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We expect EURUSD to trend downwards right now.

Based on the last 12 Continuing Jobless Claims events in United States, we expect EURUSD to trend downwards right now. Based on these past events there is a 80% chance of this. We expect EURUSD to trend downwards for the next 4 hours because the released value is > 1690K. A price movement of 11 pips is expected.

Historical events that allowed us to draw this conclusion

11 Jul 12:30
03 Jul 12:30
27 Jun 12:30
13 Jun 12:30

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

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