Based on the last 12 Existing Home Sales events in United States, we expect a $420 movement on EURUSD within the next 12 hours. We expect EURUSD to trend downwards for the next 12 hours because the released value is < 6.1M Historical events that allowed us to draw this conclusion
20 Jan 15:00 |
22 Sep 14:00 |
22 Jul 14:00 |
21 May 14:00 |
22 Apr 14:00 |
All references to movement sizes are expressed assuming a lot size of 100,000 units (“standard account”).
