There is a 75% chance of KC trending downwards

Based on past Euro Area GDP Growth Rate QoQ Flash news events there is a 75% chance of KC trending downwards. We expect this to happen because the released value is < -12%. A price movement of 219 pips is expected.Historical events that allowed us to draw this conclusion

30 Apr 09:00
31 Jan 10:00
31 Jul 09:00

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

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