We expect EURUSD to trend downwards later today. Based on these past Canada Inflation Rate YoY news events there is a 75% chance of this. We expect this to happen if the released value is > 1.2%. A price movement of 64 pips is expected.

Historical events that allowed us to draw this conclusion

18 Mar 23:30	20 Feb 00:30
21 Aug 22:30

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