Based on past United States Existing Home Sales news events there is a 80% chance of EURUSD trending downwards. We expect this to happen if the released value is > 4.2M. A price movement of 85 pips is expected.
Historical events that allowed us to draw this conclusion
18 Nov 15:00 |
20 Oct 14:00 |
21 Sep 14:00 |
21 Jun 14:00 |
All references to movement sizes are expressed assuming a lot size of 100,000 units (“standard account”).
