We expect a $440 movement on EURUSD within 12 hours following the release of Inflation Rate YoY at 21 Jan 10:30. We expect EURUSD to trend upwards 12 hours following the event release at 21 Jan 10:30 if the released value is > 0.7%. A price movement of 44 pips is expected.

Historical events that allowed us to draw this conclusion

24 Dec 10:30	22 Oct 10:30
18 Jun 09:30	19 Feb 10:30

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