Based on the last 12 Industrial Production YoY events in Euro Area, we expect EURUSD to trend downwards right now. Based on these past events there is a 80% chance of this. We expect EURUSD to trend downwards for the next 2 hours because the released value is > -3.3%. A price movement of 23 pips is expected.

Historical events that allowed us to draw this conclusion

14 Dec 10:00

12 Jun 09:00

16 Apr 09:00

12 Mar 10:00