We expect EURUSD to trend upwards right now.

Based on the last 12 Inflation Rate YoY Prel events in Germany, we expect EURUSD to trend upwards right now. Based on these past events there is a 66.67% chance of this. We expect EURUSD to trend upwards for the next 48 hours because the released value is < 1.3%. A price movement of 106 pips is expected. Historical events that allowed us to draw this conclusion

31 May 12:00

28 Mar 13:00

30 Jan 13:00

28 Dec 13:00

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