Based on past Germany Ifo Business Climate news events there is a 66.67% chance of EURUSD trending downwards. We expect this to happen because the released value is < 88. A price movement of 123 pips is expected. Historical events that allowed us to draw this conclusion
24 May 08:00 |
22 Feb 09:00 |
26 Sep 08:00 |
25 Jul 08:00 |
All references to movement sizes are expressed assuming a lot size of 100,000 units (“standard account”).
