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 2 hours following the event release at 14 Dec 21:00 if the released value is < -4.4%. A price movement of 27 pips is expected. Historical events that allowed us to draw this conclusion

12 Nov 21:00	12 Aug 19:00
14 Jul 19:00	13 May 19:00
15 Jan 21:00

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