We expect EURUSD to trend downwards later today. Based on these past United States Existing Home Sales news events there is a 71.43% chance of this. We expect this to happen if the released value is < 6.1M. A price movement of 42 pips is expected. Historical events that allowed us to draw this conclusion

21 Jan 02:00	23 Sep 00:00
23 Jul 00:00	22 May 00:00
23 Apr 00:00

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