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 75% chance of this. We expect EURUSD to trend upwards for 12 hours because the released value is < 93. A price movement of 65 pips is expected. Historical events that allowed us to draw this conclusion

24 Sep 18:00	24 Apr 18:00
25 Mar 20:00

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