Germany Unemployment Rate News Event – a $280 opportunity on EURUSD

We expect a $280 movement on EURUSD within 2 hours following the release of Unemployment Rate at 29 Jul 17:55. We expect EURUSD to trend downwards 2 hours following the event release at 29 Jul 17:55 if the released value is < 5.8%. A price movement of 28 pips is expected. Historical events that allowed us to draw this conclusion

01 Dec 19:55
29 Oct 19:55
30 Sep 17:55
30 Jul 17:55

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