We expect USDCHF to trend downwards for the next 48 hours. Based on these past Euro Area Industrial Production YoY news events there is a 83.33% chance of this. We expect this to happen because the released value is > 4.1%. A price movement of 51 pips is expected.

Historical events that allowed us to draw this conclusion

13 Oct 20:00	14 Jun 19:00
12 Mar 21:00	13 Jan 21:00
14 Dec 21:00

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