Based on the last 12 ZEW Economic Sentiment Index events in Germany, EURUSD could experience an downwards trend. Based on these past events there is a 80% chance of this, and the trend could last 48 hours because the released value is > 35.
Historical events that allowed us to draw this conclusion
18 Mar 10:00 |
18 Feb 10:00 |
17 Dec 10:00 |
15 Oct 09:00 |
All references to movement sizes are expressed assuming a lot size of 100,000 units (“standard account”).
