Based on past Germany GDP Growth Rate QoQ Flash news events there is a 66.67% chance of EURUSD trending downwards. We expect this to happen if the released value is = 7.3%. A price movement of 16 pips is expected.
Historical events that allowed us to draw this conclusion
15 May 18:00 |
15 May 16:00 |
14 Aug 16:00 |
14 Feb 18:00 |
All references to movement sizes are expressed assuming a lot size of 100,000 units (“standard account”).