Based on the last 12 Markit Manufacturing PMI Flash events in Germany, we expect a $180 movement on EURUSD within 2 hours following the event release at 24 Jul 17:30. We expect EURUSD to trend downwards 2 hours following the event release at 24 Jul 17:30 if the released value is > 48

Historical events that allowed us to draw this conclusion

23 Jun 17:30	21 Feb 19:30
24 Jan 19:30	22 Nov 19:30
22 Aug 17:30

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