Based on the last 12 Markit Manufacturing PMI Flash events in Germany, we expect a $230 movement on EURUSD within 2 hours following the event release at 23 Oct 07:30. We expect EURUSD to trend downwards 2 hours following the event release at 23 Oct 07:30 if the released value is > 55.1

Historical events that allowed us to draw this conclusion

21 Aug 07:30

24 Jul 07:30

23 Jun 07:30

21 Feb 08:30

24 Jan 08:30

22 Nov 08:30