Based on the last 12 Markit Manufacturing PMI Flash events in Germany, we expect a $370 movement on EURUSD within 2 hours following the event release at 21 Feb 08:30. We expect EURUSD to trend downwards 2 hours following the event release at 21 Feb 08:30 if the released value is < 44.8 Historical events that allowed us to draw this conclusion

24 Oct 07:30

23 May 07:30

18 Apr 07:30

22 Mar 08:30

21 Feb 08:30