Want to know why EURUSD is going upwards for the next 2 hours?

Past performance is not an indicator of future results.
Based on the last 12 Unemployment Rate events in Euro Area, we expect a $40 movement on EURUSD within the next 2 hours. We expect EURUSD to trend upwards for the next 2 hours because the released value is = 7.9%

Historical events that allowed us to draw this conclusion

31 Oct 10:00
01 Oct 10:00
31 Jul 10:00
02 May 10:00
01 Mar 10:00
31 Jan 10:00

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

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