70% probability that EURUSD may trend upwards

Based on the last 12 New Home Sales events in United States, we expect EURUSD to trend upwards later today. Based on these past events there is a 70% chance of this. This may happen if the released value is > 0.785M

Historical events that allowed us to draw this conclusion

25 Jul 00:00
27 Feb 02:00
27 Nov 02:00
24 Aug 00:00

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