We expect EURUSD to trend downwards for the next 12 hours. Based on these past Germany Inflation Rate YoY Prel news events there is a 87.5% chance of this. We expect this to happen because the released value is > 7.4%. A price movement of 76 pips is expected.

Historical events that allowed us to draw this conclusion

30 May 22:00	28 Apr 22:00
30 Mar 23:00	01 Feb 00:00
30 Nov 00:00	28 Oct 23:00
29 Jul 22:00

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