What to trade around Euro Area Industrial Production YoY news event

Based on the last 12 Industrial Production YoY events in Euro Area, we expect AUDUSD to trend upwards later today. Based on these past events there is a 80% chance of this. We expect AUDUSD to trend upwards 2 hours following the event release at 15 Feb 10:00 if the released value is < -0.3%. A price movement of 13 pips is expected. Historical events that allowed us to draw this conclusion

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