Based on the last 12 Industrial Production YoY events in Euro Area, we expect EURUSD to trend downwards right now. Based on these past events there is a 80% chance of this. We expect EURUSD to trend downwards for the next 2 hours because the released value is > -3.3%. A price movement of 23 pips is expected.

Historical events that allowed us to draw this conclusion

14 Dec 21:00	12 Jun 19:00
16 Apr 19:00	12 Mar 21:00

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