Based on the last 12 Markit Manufacturing PMI Flash events in Germany, we expect a 92 pip movement on EURUSD within 48 hours following the event release at 23 Oct 18:30 GMT+11. We expect EURUSD to trend downwards 48 hours following the event release at 23 Oct 18:30 GMT+11 if the released value is < 55.1 Historical events that allowed us to draw this conclusion

21 May 17:30	16 Dec 19:30
24 Oct 18:30

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