Based on past Germany Ifo Business Climate news events there is a 66.67% chance of USDCHF trending downwards. We expect this to happen if the released value is < 78.3. A price movement of 38 pips is expected. Historical events that allowed us to draw this conclusion

24 Apr 18:00	25 Mar 20:00
27 Jan 20:00	23 May 18:00

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