Australia Unemployment Rate News Event – a possible $1,210 movement on EURUSD

Based on the last 12 Unemployment Rate events in Australia, a $1,210 movement on EURUSD may occur within 48 hours following the event release at 16 Jun 11:30. EURUSD could trend downwards 48 hours following the event release at 16 Jun 11:30 if the released value is < 3.8% Historical events that allowed us to draw this conclusion

20 Jan 11:30
16 Dec 11:30
16 Sep 11:30
19 Aug 11:30
15 Jul 11:30
17 Jun 11:30

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