Based on the last 12 Industrial Production YoY events in Euro Area, we expect EURUSD to trend downwards for the next 2 hours. Based on these past events there is a 80% chance of this. This may happen because the released value is < 0.6% Historical events that allowed us to draw this conclusion

12 Aug 09:00

12 May 09:00

14 Apr 09:00

15 Feb 10:00