Based on the last 12 Unemployment Rate events in Euro Area, we expect EURUSD to trend downwards later today. Based on these past events there is a 75% chance of this. We expect EURUSD to trend downwards 2 hours following the event release at 01 Sep 09:00 if the released value is = 7.6%. A price movement of 10 pips is expected.

Historical events that allowed us to draw this conclusion

01 Feb 10:00

02 Dec 10:00

30 Oct 10:00