Based on past Euro Area Unemployment Rate news events there is a 75% chance of EURUSD trending upwards. We expect this to happen if the released value is = 7.6%. A price movement of 28 pips is expected.

Historical events that allowed us to draw this conclusion

02 Dec 21:00	30 Oct 21:00
01 Oct 19:00

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