Based on the last 12 GDP Growth Rate QoQ Flash events in Euro Area, we expect a $740.287 movement on USDCHF within 12 hours following the event release at 31 Jan 21:00. We expect USDCHF to trend downwards 12 hours following the event release at 31 Jan 21:00 if the released value is < 0.3% Historical events that allowed us to draw this conclusion

30 Apr 19:00

31 Jan 21:00

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