We expect EURUSD to trend upwards for the next 12 hours. Based on these past Euro Area GDP Growth Rate QoQ 2nd Est news events there is a 80% chance of this. We expect this to happen because the released value is = 0.1%. A price movement of 77 pips is expected.

Historical events that allowed us to draw this conclusion

14 Nov 21:00	14 Feb 21:00
14 Nov 21:00	14 Feb 21:00
14 Nov 21:00	16 Aug 19:00
16 May 19:00

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