Based on the last 12 Existing Home Sales events in United States, we expect EURUSD to trend downwards later today. Based on these past events there is a 80% chance of this. We expect EURUSD to trend downwards 48 hours following the event release at 2022-11-18 15:00 if the released value is > 4.38M. A price movement of 145 pips is expected.
Historical events that allowed us to draw this conclusion
21 Sep 14:00 |
21 Jun 14:00 |
18 Feb 15:00 |
22 Nov 15:00 |
All references to movement sizes are expressed assuming a lot size of 100,000 units (“standard account”).
