What to trade around United Kingdom Unemployment Rate news event

Past performance is not an indicator of future results.
Based on the last 12 Unemployment Rate events in United Kingdom, we expect EURUSD to trend downwards right now. Based on these past events there is a 75% chance of this. We expect EURUSD to trend downwards for the next 12 hours because the released value is < 4%. A price movement of 28 pips is expected.

Historical events that allowed us to draw this conclusion

22 Jan 09:30

14 Aug 09:30

17 Apr 09:30

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

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