Based on the last 12 Ifo Business Climate events in Germany, we may see a 94 pip movement on EURUSD within 12 hours following the event release at 24 Jun 08:00 UTC. EURUSD may trend downwards 12 hours following the event release at 24 Jun 08:00 UTC if the released value is < 92.9 Historical events that allowed us to draw this conclusion
25 Mar 09:00 |
17 Dec 09:00 |
24 Nov 09:00 |
24 Sep 08:00 |
All references to movement sizes are expressed assuming a lot size of 100,000 units (“standard account”).
