What to trade around United States New Home Sales news event

Past performance is not an indicator of future results.
Based on the last 12 New Home Sales events in United States, we expect EURUSD to trend downwards right now. Based on these past events there is a 71.43% chance of this. We expect EURUSD to trend downwards for the next 48 hours because the released value is > 0.620M. A price movement of 76 pips is expected.

Historical events that allowed us to draw this conclusion

05 Mar 15:00
31 Jan 15:00
26 Sep 15:00
25 Jun 15:00
24 Apr 15:00

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

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