Based on the last 12 Ifo Business Climate events in Germany, we could see a 42 pip movement on USDCHF for the next 12 hours. USDCHF could trend upwards for 12 hours because the released value is > 88.2
Historical events that allowed us to draw this conclusion
22 May 08:00 |
24 Apr 08:00 |
25 Oct 08:00 |
26 Aug 08:00 |
All references to movement sizes are expressed assuming a lot size of 100,000 units (“standard account”).
