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We expect a $741 movement on USDCHF within the next 48 hours.

Based on past Germany Ifo Business Climate news events there is a 75% chance of USDCHF trending upwards. We expect this to happen because the released value is > 86. A price movement of 66 pips is expected.

Historical events that allowed us to draw this conclusion

25 Oct 08:00
25 Sep 08:00
27 Mar 08:00

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

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