Based on the last 12 Industrial Production YoY events in Euro Area, we expect EURUSD to trend upwards for the next 4 hours. Based on these past events there is a 80% chance of this. This may happen because the released value is > -8.2%

Historical events that allowed us to draw this conclusion

16 Apr 19:00

12 Dec 21:00

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