Based on past Germany Ifo Business Climate news events there is a 75% chance of EURUSD trending upwards. We expect this to happen because the released value is > 86.8. A price movement of 55 pips is expected.

Historical events that allowed us to draw this conclusion

23 May 18:00	25 Apr 18:00
22 Feb 20:00

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