Based on the last 12 Industrial Production YoY events in Euro Area, we expect a $640 movement on EURUSD within 12 hours following the event release at 13 May 19:00. We expect EURUSD to trend downwards 12 hours following the event release at 13 May 19:00 if the released value is > -12.4%

Historical events that allowed us to draw this conclusion

16 Apr 19:00	12 Mar 21:00
13 Nov 21:00	13 Jun 19:00
14 May 19:00

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