Based on the last 12 Balance of Trade events in Germany, we expect EURUSD to trend downwards right now. Based on these past events there is a 75% chance of this. We expect EURUSD to trend downwards for the next 2 hours because the released value is < €17.4B. A price movement of 18 pips is expected. Historical events that allowed us to draw this conclusion

08 Sep 16:00	09 Jul 16:00
09 Jun 16:00

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