Based on the last 12 ZEW Economic Sentiment Index events in Germany, we expect EURUSD to trend downwards later today. Based on these past events there is a 75% chance of this. We expect EURUSD to trend downwards 4 hours following the event release at 21 Jan 21:00 if the released value is > 15. A price movement of 17 pips is expected.

Historical events that allowed us to draw this conclusion

12 Nov 21:00	15 Oct 20:00
16 Apr 19:00	19 Mar 21:00
19 Feb 21:00	22 Jan 21:00