Based on the last 12 Ifo Business Climate events in Germany, we expect a $230 movement on EURUSD within 2 hours following the event release at 24 Jun 18:00. We expect EURUSD to trend upwards 2 hours following the event release at 24 Jun 18:00 if the released value is > 85

Historical events that allowed us to draw this conclusion

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

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