Based on the last 12 ZEW Economic Sentiment Index events in Germany, we expect USDCHF to trend downwards. Based on these past events there is a 71.43% chance of this. We expect USDCHF to trend downwards for 2 hours because the released value is > 60. A price movement of 22 pips is expected.

Historical events that allowed us to draw this conclusion

15 Sep 19:00	11 Aug 19:00
16 Jun 19:00	19 May 19:00
21 Jan 21:00

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