Based on the last 12 Industrial Production YoY events in Euro Area, we expect a 17 pip movement on USDCHF for the next 2 hours. We expect USDCHF to trend downwards for 2 hours because the released value is < -12.4% Historical events that allowed us to draw this conclusion

15 Jan 10:00

14 Oct 09:00

12 Sep 09:00

14 Aug 09:00