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We expect a $770 movement on EURUSD within 48 hours following the release of Balance of Trade.

Based on the last 12 Balance of Trade events in Germany, we expect a 77 pip movement on EURUSD within 48 hours following the event release at 2025-07-08 06:00. We expect EURUSD to trend downwards 48 hours following the event release at 2025-07-08 06:00 if the released value is > €15.5B

Historical events that allowed us to draw this conclusion

08 May 06:00
07 Feb 07:00
09 Jan 07:00
09 Oct 06:00
08 Jul 06:00

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

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We expect ZB to trend downwards today with a 80% chance.

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