We expect a $230 movement on EURUSD within 2 hours following the release of Inflation Rate YoY Prel at 31 May 22:00. We expect EURUSD to trend downwards 2 hours following the event release at 31 May 22:00 if the released value is > 2.3%. A price movement of 23 pips is expected.

Historical events that allowed us to draw this conclusion

29 Apr 22:00	02 Mar 00:00
30 Oct 00:00	29 Jun 22:00

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