Trade with an edge around todays Canada Inflation Rate YoY news event

Based on past Canada Inflation Rate YoY news events there is a 80% chance of EURUSD trending upwards. We expect this to happen if the released value is < 3.9%. A price movement of 83 pips is expected. Historical events that allowed us to draw this conclusion

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