Euro Area Unemployment Rate News Event – a $100 opportunity on EURUSD

We expect a $100 movement on EURUSD within 2 hours following the release of Unemployment Rate at 30 Jul 09:00. We expect EURUSD to trend downwards 2 hours following the event release at 30 Jul 09:00 if the released value is = 7.9%. A price movement of 10 pips is expected.

Historical events that allowed us to draw this conclusion

01 Feb 10:00
02 Dec 10:00
30 Oct 10:00