Based on the last 12 ZEW Economic Sentiment Index events in Germany, we expect a 4 pip movement on EURUSD within 2 hours following the event release at 08 Jun 09:00 UTC. We expect EURUSD to trend downwards 2 hours following the event release at 08 Jun 09:00 UTC if the released value is < 86 Historical events that allowed us to draw this conclusion

13 Apr 09:00

10 Nov 10:00

13 Oct 09:00