EURUSD may trend upwards from 12 Nov 21:00

We expect EURUSD to trend upwards later today. Based on these past Euro Area Industrial Production YoY news events there is a 80% chance of this. We expect this to happen if the released value is < -5.8%. A price movement of 40 pips is expected. Historical events that allowed us to draw this conclusion

12 Aug 19:00
14 Jul 19:00
13 May 19:00
15 Jan 21:00

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