What to trade around Germany Ifo Business Climate news event

Based on the last 12 Ifo Business Climate events in Germany, we expect USDCHF to trend upwards later today. Based on these past events there is a 66.67% chance of this. We expect USDCHF to trend upwards 4 hours following the event release at 27 Jan 20:00 if the released value is < 97. A price movement of 31 pips is expected. Historical events that allowed us to draw this conclusion

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