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We expect UB to trend downwards for the next 48 hours.

Based on past Germany Balance of Trade news events there is a 80% chance of UB trending downwards. We expect this to happen because the released value is < €20.9B. A price movement of 26406 pips is expected. Historical events that allowed us to draw this conclusion

06 Sep 06:00
07 Aug 06:00
07 Jun 06:00
07 May 06:00

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

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