Based on the last 12 Markit Manufacturing PMI Flash events in Germany, we expect EURUSD to trend downwards later today. Based on these past events there is a 75% chance of this. We expect EURUSD to trend downwards 2 hours following the event release at 23 Oct 07:30 if the released value is < 55.1. A price movement of 24 pips is expected. Historical events that allowed us to draw this conclusion

21 May 07:30

23 Apr 07:30

24 Oct 07:30