Based on the last 12 ZEW Economic Sentiment Index events in Germany, we expect a 22 pip movement on USDCHF within 2 hours following the event release at 19 Jan 10:00 UTC. We expect USDCHF to trend downwards 2 hours following the event release at 19 Jan 10:00 UTC if the released value is > 60

Historical events that allowed us to draw this conclusion

15 Sep 09:00

11 Aug 09:00

16 Jun 09:00

19 May 09:00

21 Jan 10:00