Euro Area Unemployment Rate News Event – a $220 opportunity on NZDUSD

We expect a $220 movement on NZDUSD within 2 hours following the release of Unemployment Rate at 03 Mar 10:00. We expect NZDUSD to trend downwards 2 hours following the event release at 03 Mar 10:00 if the released value is < 6.9%. A price movement of 22 pips is expected. Historical events that allowed us to draw this conclusion

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