Based on the last 12 Balance of Trade events in Germany, we could see a 12 pip movement on EURUSD for the next 2 hours. EURUSD could trend upwards for 2 hours because the released value is < €7.3B Historical events that allowed us to draw this conclusion

09 Feb 18:00	07 Jan 18:00
09 Dec 18:00	09 Nov 18:00
09 Sep 16:00	08 Jul 16:00

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