Based on the last 12 Housing Starts events in United States, we expect a 26 pip movement on EURUSD for the next 4 hours. We expect EURUSD to trend downwards for 4 hours because the released value is < 1.576M Historical events that allowed us to draw this conclusion

19 Oct 23:30	18 Aug 22:30
16 Jun 22:30	18 May 22:30
19 Feb 00:30

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