Based on the last 12 Ifo Business Climate events in Germany, we could see EURUSD trend downwards right now. Based on historical events there is a 80% chance of this. This may happen because the released value is > 87.4
Historical events that allowed us to draw this conclusion
24 Apr 08:00 |
27 Jan 09:00 |
25 Oct 08:00 |
26 Aug 08:00 |
All references to movement sizes are expressed assuming a lot size of 100,000 units (“standard account”).
