Based on the last 12 Ifo Business Climate events in Germany, we expect a $170 movement on EURUSD within 2 hours following the event release at 24 Apr 08:00. We expect EURUSD to trend upwards 2 hours following the event release at 24 Apr 08:00 if the released value is > 80

Historical events that allowed us to draw this conclusion

18 Dec 09:00

25 Oct 08:00

24 Sep 08:00

24 Jun 08:00