What to trade around United States Existing Home Sales news event

Past performance is not an indicator of future results.
Based on the last 12 Existing Home Sales events in United States, we expect EURUSD to trend downwards right now. Based on these past events there is a 75% chance of this. We expect EURUSD to trend downwards for the next 4 hours because the released value is > 5.1M. A price movement of 13 pips is expected.

Historical events that allowed us to draw this conclusion

21 Nov 15:00

23 Apr 15:00

21 Mar 14:00

All references to movement sizes are expressed assuming a lot size of 100,000 units (“standard account”).

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