We expect EURUSD to trend upwards later today. Based on these past Euro Area GDP Growth Rate QoQ 2nd Est news events there is a 77.78% chance of this. We expect this to happen if the released value is = 2%. A price movement of 27 pips is expected.

Historical events that allowed us to draw this conclusion

18 May 19:00	14 Aug 19:00
15 May 19:00	14 Feb 21:00
14 Aug 19:00	14 Feb 21:00
14 Nov 21:00

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