Based on the last 12 Existing Home Sales events in United States, we expect a 14 pip movement on EURUSD within 2 hours following the event release at 23 Jan 02:00 GMT+11. We expect EURUSD to trend upwards 2 hours following the event release at 23 Jan 02:00 GMT+11 if the released value is > 6.55M

Historical events that allowed us to draw this conclusion

20 Nov 02:00	23 Oct 01:00
22 Aug 00:00	22 Feb 02:00
23 Jan 02:00

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