We expect EURUSD to trend downwards later today. Based on these past United States Non Farm Payrolls news events there is a 85.71% chance of this. We expect this to happen if the released value is > 71K. A price movement of 62 pips is expected.

Historical events that allowed us to draw this conclusion

07 Aug 22:30	02 Jul 22:30
05 Jun 22:30	08 May 22:30
07 Mar 00:30	08 Feb 00:30

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