We expect EURUSD to trend downwards later today. Based on these past Euro Area Industrial Production YoY news events there is a 83.33% chance of this. We expect this to happen if the released value is > -2.4%. A price movement of 23 pips is expected.

Historical events that allowed us to draw this conclusion

13 Jan 21:00	14 Dec 21:00
12 Jun 19:00	16 Apr 19:00
12 Mar 21:00

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