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We expect EURUSD to trend downwards with a 75% chance.

Based on the last 12 KOF Leading Indicators events in Switzerland, we expect EURUSD to trend downwards. Based on these past events there is a 75% chance of this. We expect EURUSD to trend downwards for 12 hours because the released value is < 96.2. A price movement of 69 pips is expected. Historical events that allowed us to draw this conclusion

28 Jun 07:00
29 May 07:00
28 Feb 08:00
28 Dec 08:00
30 Nov 08:00
30 Oct 08:00

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

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