EURUSD could trend downwards later today. Based on these past United States Existing Home Sales news events there is a 71.43% chance of this. This could happen only if the released value is < 5.65M. The price movement may be as big as 42 pips. Historical events that allowed us to draw this conclusion
20 Apr 14:00 |
20 Jan 15:00 |
22 Sep 14:00 |
22 Jul 14:00 |
21 May 14:00 |
All references to movement sizes are expressed assuming a lot size of 100,000 units (“standard account”).
