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We expect a 5,500 pip movement on CC within 12 hours following the event release.

Based on the last 12 Existing Home Sales events in United States, we expect a 5,500 pip movement on CC within 12 hours following the event release at 21 Feb 15:00 UTC. We expect CC to trend downwards 12 hours following the event release at 21 Feb 15:00 UTC if the released value is < 5.43M Historical events that allowed us to draw this conclusion

19 Dec 15:00
21 Nov 15:00
22 Oct 14:00
23 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”).

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