Based on the last 12 Ifo Business Climate events in Germany, we expect EURUSD to trend downwards for the next 12 hours. Based on these past events there is a 75% chance of this. This may happen because the released value is < 102.1 Historical events that allowed us to draw this conclusion

26 Apr 18:00	25 Jan 20:00
26 Oct 20:00

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