Based on the last 12 Ifo Business Climate events in Germany, EURUSD could experience an upwards trend. Based on these past events there is a 85.71% chance of this, and the trend could last 48 hours because the released value is < 89.7. Historical events that allowed us to draw this conclusion
27 May 08:00 |
18 Dec 09:00 |
24 Nov 09:00 |
25 Aug 08:00 |
25 Jul 08:00 |
26 Jun 08:00 |
All references to movement sizes are expressed assuming a lot size of 100,000 units (“standard account”).
