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There is a 66.67% chance of EURUSD trending downwards

Based on past Germany Ifo Business Climate news events there is a 66.67% chance of EURUSD trending downwards. We expect this to happen if the released value is < 94.2. A price movement of 94 pips is expected. Historical events that allowed us to draw this conclusion

17 Dec 09:00
24 Nov 09:00
24 Sep 08:00
26 Apr 08:00

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

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