Based on past Germany Ifo Business Climate news events there is a 80% chance of USDCHF trending downwards. We expect this to happen if the released value is < 93. A price movement of 45 pips is expected. Historical events that allowed us to draw this conclusion

24 Apr 18:00	22 Feb 20:00
25 Jul 18:00	24 Jun 18:00

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