We expect BO to trend downwards for the next 48 hours. Based on these past Euro Area Unemployment Rate news events there is a 66.67% chance of this. We expect this to happen because the released value is < 7.7%. A price movement of 100 pips is expected.Historical events that allowed us to draw this conclusion
|30 Apr 09:00|
|01 Apr 09:00|
|30 Jan 10:00|
|01 Jul 09:00|
All references to movement sizes are expressed assuming a lot size of 100,000 units (“standard account”).