Based on the last 12 Unemployment Rate events in Euro Area, we expect a $280 movement on EURUSD within 4 hours following the event release at 30 Jul 19:00. We expect EURUSD to trend upwards 4 hours following the event release at 30 Jul 19:00 if the released value is = 7.9%

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”).