Based on the last 12 Ifo Business Climate events in Germany, we expect EURUSD to trend upwards. Based on these past events there is a 66.67% chance of this. We expect EURUSD to trend upwards for 4 hours because the released value is < 93.8. A price movement of 64 pips is expected. Historical events that allowed us to draw this conclusion

24 Apr 18:00

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