Based on the last 12 Unemployment Rate events in Euro Area, we expect USDCHF to trend downwards later today. Based on these past events there is a 75% chance of this. We expect USDCHF to trend downwards 48 hours following the event release at 06 Apr 19:00 if the released value is = 8.1%. A price movement of 92 pips is expected.

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”).