We expect a $530 movement on EURUSD within the next 48 hours. We expect EURUSD to trend upwards 48 hours following the ZEW Economic Sentiment Index events in Germany release because the released value is < -53.8. A price movement of 53 pips is expected. Historical events that allowed us to draw this conclusion

12 Jul 19:00	15 Mar 21:00
15 Feb 21:00	12 Oct 20:00
10 Aug 19:00

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