102 pip movement on AUDUSD expected

Based on the last 12 ZEW Economic Sentiment Index events in Germany, we expect AUDUSD to trend downwards later today. Based on these past events there is a 80% chance of this. This may happen if the released value is < 15.3 Historical events that allowed us to draw this conclusion

21 Mar 21:00
13 Sep 19:00
16 Aug 19:00
14 Jun 19:00

All references to movement sizes are expressed assuming a lot size of 100,000 units (“standard account”).