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There is a 75% chance of CC trending downwards

Based on past Germany Ifo Business Climate news events there is a 75% chance of CC trending downwards. We expect this to happen if the released value is < 102.1. A price movement of 20,800 pips is expected. Historical events that allowed us to draw this conclusion

26 Apr 08:00
26 Oct 09:00
24 Sep 08:00

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

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