Based on past Canada GDP Growth Rate QoQ news events there is a 66.67% chance of EURUSD trending downwards. We expect this to happen if the released value is > 1.5%. A price movement of 32 pips is expected.

Historical events that allowed us to draw this conclusion

28 Aug 22:30	29 May 22:30
01 Dec 00:30	30 Aug 22:30

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