Based on the last 12 GDP Growth Rate QoQ 1st Est events in France, we expect a 124 pip movement on EURUSD within 48 hours following the event release at 30 Jul 15:30 GMT+10. We expect EURUSD to trend downwards 48 hours following the event release at 30 Jul 15:30 GMT+10 if the released value is > 0.8%

Historical events that allowed us to draw this conclusion

30 Apr 15:30	29 Jan 17:30
30 Oct 17:30	31 Jul 15:30
30 Jan 17:30

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