Based on the last 12 Ifo Business Climate events in Germany, we expect a 26 pip movement on USDCHF for the next 2 hours. We expect USDCHF to trend downwards for 2 hours because the released value is > 100.6

Historical events that allowed us to draw this conclusion

25 May 08:00

26 Mar 09:00

22 Feb 09:00

18 Dec 09:00

25 Aug 08:00

24 Jun 08:00