Based on the last 12 Ifo Business Climate events in Germany, we expect EURUSD to trend downwards right now. Based on these past events there is a 66.67% chance of this. We expect EURUSD to trend downwards for the next 12 hours because the released value is < 96.6. A price movement of 27 pips is expected. Historical events that allowed us to draw this conclusion

24 Sep 18:00	26 Apr 18:00
25 Jan 20:00	26 Oct 20:00

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