Germany Inflation Rate YoY Prel News Event – a possible $560 movement on EURUSD

Based on the last 12 Inflation Rate YoY Prel events in Germany, we expect a $560 movement on EURUSD within 4 hours following the event release at 29 Jun 22:00. We expect EURUSD to trend upwards 4 hours following the event release at 29 Jun 22:00 if the released value is = 0.6%

Historical events that allowed us to draw this conclusion

28 May 22:00
29 Feb 00:00
31 Jan 00:00
31 Oct 00:00

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