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We expect a $1450 movement on EURUSD within 48 hours following the event release at 2022-11-18 15:00.

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”).

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