We expect EURUSD to trend upwards later today. Based on these past United States Housing Starts news events there is a 83.33% chance of this. We expect this to happen if the released value is < 1.36M. A price movement of 127 pips is expected. Historical events that allowed us to draw this conclusion
19 Oct 12:30 |
16 Aug 12:30 |
19 Jul 12:30 |
16 Jun 12:30 |
17 Feb 13:30 |
All references to movement sizes are expressed assuming a lot size of 100,000 units (“standard account”).
