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We expect USDCHF to trend upwards today with a 71.43% chance.

We expect USDCHF to trend upwards later today. Based on these past Germany Ifo Business Climate news events there is a 71.43% chance of this. We expect this to happen if the released value is < 97.1. A price movement of 13 pips is expected. Historical events that allowed us to draw this conclusion

24 Apr 08:00
22 Feb 09:00
18 Dec 09:00
26 Nov 09:00
25 Oct 08:00

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

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Important support line being approached by BCHAUD. This price has been tested numerous time in the last 4 days

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