Euro Area Unemployment Rate News Event – a possible $120 movement on EURUSD

Based on the last 12 Unemployment Rate events in Euro Area, we expect a $120 movement on EURUSD within 2 hours following the event release at 04 Mar 21:00. We expect EURUSD to trend downwards 2 hours following the event release at 04 Mar 21:00 if the released value is < 8.3% Historical events that allowed us to draw this conclusion

02 Jul 19:00
03 Jun 19:00
30 Apr 19:00
01 Apr 20:00

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