We expect EURUSD to trend downwards for the next 12 hours. Based on these past United States Existing Home Sales news events there is a 75% chance of this. We expect this to happen because the released value is > 4.7M. A price movement of 48 pips is expected.
Historical events that allowed us to draw this conclusion
21 Jun 14:00 |
22 Nov 15:00 |
21 Oct 14:00 |
All references to movement sizes are expressed assuming a lot size of 100,000 units (“standard account”).
