We expect BO to trend downwards for the next 48 hours.

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”).

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