Based on past Euro Area Unemployment Rate news events there is a 66.67% chance of USDCAD trending downwards. We expect this to happen if the released value is < 7.4%. A price movement of 37 pips is expected. Historical events that allowed us to draw this conclusion

01 Jul 19:00	01 Jun 19:00
30 Apr 19:00	04 Mar 21:00

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