Based on the last 12 Industrial Production YoY events in Euro Area, we expect EURUSD to trend upwards later today. Based on these past events there is a 80% chance of this. We expect EURUSD to trend upwards 48 hours following the event release at 15 Sep 19:00 if the released value is > 6.3%. A price movement of 53 pips is expected.

Historical events that allowed us to draw this conclusion

14 Jun 19:00	12 Mar 21:00
14 Dec 21:00	14 Sep 19:00

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