Based on past Germany Inflation Rate YoY Prel news events there is a 66.67% chance of EURUSD trending upwards. We expect this to happen because the released value is > -0.3%. A price movement of 22 pips is expected.

Historical events that allowed us to draw this conclusion

29 Apr 22:00

04 Jan 00:00

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