Based on the last 12 Ifo Business Climate events in Germany, we expect a $490 movement on EURUSD within 48 hours following the event release at 25 Mar 20:00. We expect EURUSD to trend downwards 48 hours following the event release at 25 Mar 20:00 if the released value is > 87.7

Historical events that allowed us to draw this conclusion

18 Dec 20:00	25 Oct 19:00
24 Sep 18:00	24 Jun 18:00
25 Mar 20:00

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