Based on past Germany Ifo Business Climate news events there is a 71.43% chance of EURUSD trending downwards. We expect this to happen because the released value is < 87. A price movement of 12 pips is expected. Historical events that allowed us to draw this conclusion
24 Jun 08:00 |
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”).
