Based on the last 12 Industrial Production YoY events in Euro Area, we expect EURUSD to trend upwards later today. Based on these past events there is a 80% chance of this. This may happen if the released value is < -5.8% Historical events that allowed us to draw this conclusion

12 Aug 09:00

14 Jul 09:00

13 May 09:00

15 Jan 10:00