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CL may be ready to trend upwards today with a 75% chance.

Based on the last 12 Inflation Rate YoY Prel events in Germany, CL may trend upwards later today. Based on these past events there is a 75% chance of this. This may happen if the released value is > 7.6%

Historical events that allowed us to draw this conclusion

28 Apr 12:00
31 Jan 13:00
06 Jan 13:00
28 Oct 12:00
29 Jul 12:00
31 May 12:00

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

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We may be expecting a $512.016 movement on USDCHF within 4 hours following the event release at 30 May 12:00.

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Breach of resistance could mean a start of a bullish trend on USD/CHF

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