What to trade around Germany Unemployment Change news event

Past performance is not an indicator of future results.
Based on the last 12 Unemployment Change events in Germany, we expect EURUSD to trend downwards right now. Based on these past events there is a 66.67% chance of this. We expect EURUSD to trend downwards for the next 4 hours because the released value is > -11K. A price movement of 7 pips is expected.

Historical events that allowed us to draw this conclusion

30 Oct 08:55

27 Apr 08:55

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

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