Based on the last 12 Balance of Trade events in Germany, we expect EURUSD to trend upwards later today. Based on these past events there is a 72.73% chance of this. We expect EURUSD to trend upwards 48 hours following the event release at 09 Jan 18:00 if the released value is > €19.9B. A price movement of 61 pips is expected.

Historical events that allowed us to draw this conclusion

09 Dec 18:00	10 Oct 17:00
09 Sep 16:00	07 Jun 16:00
10 May 16:00	08 Apr 16:00
11 Mar 18:00	09 Jan 18:00