Based on the last 12 Ifo Business Climate events in Germany, we expect EURUSD to trend downwards for the next 4 hours. Based on these past events there is a 83.33% chance of this. This may happen because the released value is < 97 Historical events that allowed us to draw this conclusion

26 Aug 18:00	25 Jul 18:00
23 May 18:00	24 Apr 18:00
22 Feb 20:00