Based on the last 12 Industrial Production YoY events in Euro Area, we expect a 10 pip movement on EURUSD within 2 hours following the event release at 12 Jun 09:00 UTC. We expect EURUSD to trend downwards 2 hours following the event release at 12 Jun 09:00 UTC if the released value is > -29.5%

Historical events that allowed us to draw this conclusion

16 Apr 09:00

12 Mar 10:00

13 Nov 10:00

12 Jul 09:00

13 Jun 09:00