6 pip movement on DX expected

Based on the last 12 ZEW Economic Sentiment Index events in Germany, we expect a 6 pip movement on DX within 2 hours following the event release at 12 Apr 09:00 UTC. We expect DX to trend upwards 2 hours following the event release at 12 Apr 09:00 UTC if the released value is < -48 Historical events that allowed us to draw this conclusion

15 Mar 10:00
15 Feb 10:00
12 Oct 09:00
07 Sep 09:00
10 Aug 09:00
06 Jul 09:00
13 Apr 09:00