Based on the last 12 ZEW Economic Sentiment Index events in Germany, we expect a $710 movement on EURUSD within 12 hours following the event release at 08 Dec 21:00. We expect EURUSD to trend downwards 12 hours following the event release at 08 Dec 21:00 if the released value is > 45.5

Historical events that allowed us to draw this conclusion

15 Sep 19:00	11 Aug 19:00
16 Jun 19:00	19 May 19:00
21 Jan 21:00

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