Based on the last 12 Balance of Trade events in Germany, USDCHF could trend downwards later today. Based on these past events there is a 70% chance of this. If the released value is < €1.2B we could see USDCHF trend downwards 2 hours following the event release at 04 Jul 06:00. Historical events that allowed us to draw this conclusion

03 Jun 06:00

04 Mar 07:00

09 Feb 07:00

07 Jan 07:00

09 Nov 07:00

09 Sep 06:00

08 Jul 06:00