Based on the last 12 GDP Growth Rate QoQ Flash events in Euro Area, we expect EURUSD to trend downwards later today. Based on these past events there is a 83.33% chance of this. We expect EURUSD to trend downwards 12 hours following the event release at 29 Oct 20:00 if the released value is > 2%. A price movement of 75 pips is expected.

Historical events that allowed us to draw this conclusion

30 Jul 19:00	30 Apr 19:00
02 Feb 21:00	30 Oct 21:00
31 Oct 21:00

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