EURUSD could trend downwards later today. Based on these past United States Housing Starts news events there is a 83.33% chance of this. This could happen only if the released value is < 1.701M. The price movement may be as big as 31 pips. Historical events that allowed us to draw this conclusion

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

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