Based on the last 12 Balance of Trade events in Germany, we expect USDCHF to trend upwards. Based on these past events there is a 75% chance of this. We expect USDCHF to trend upwards for 2 hours because the released value is < €17.4B. A price movement of 9 pips is expected. Historical events that allowed us to draw this conclusion

08 Sep 06:00

09 Jul 06:00

09 Jan 07:00