Based on the last 12 Employment Change events in Australia, we expect EURUSD to trend upwards right now. Based on these past events there is a 75% chance of this. We expect EURUSD to trend upwards for the next 4 hours because the released value is > 10K. A price movement of 10 pips is expected.

Historical events that allowed us to draw this conclusion

19 Dec 11:30	19 Sep 11:30
15 Aug 11:30	13 Jun 11:30
16 May 11:30	18 Apr 11:30

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