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We may see EURUSD trend downwards today with a 71.43% chance.

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”).

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