Based on the last 12 ZEW Economic Sentiment Index events in Germany, we expect EURUSD to trend upwards later today. Based on these past events there is a 66.67% chance of this. We expect EURUSD to trend upwards 2 hours following the event release at 2023-05-16 19:00 if the released value is < -5.3. A price movement of 32 pips is expected. Historical events that allowed us to draw this conclusion

18 Apr 19:00	21 Mar 21:00
13 Sep 19:00	12 Jul 19:00

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