Based on the last 12 ZEW Economic Sentiment Index events in Germany, we expect USDCHF to trend upwards later today. Based on these past events there is a 80% chance of this. We expect USDCHF to trend upwards 2 hours following the event release at 2023-03-21 21:00 if the released value is < 17.1. A price movement of 47 pips is expected. Historical events that allowed us to draw this conclusion

16 Aug 19:00	12 Jul 19:00
14 Jun 19:00	15 Mar 21:00

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