Based on past United States Housing Starts news events there is a 80% chance of EURUSD trending downwards. A price movement of 29 could occur if the released value is > 1.701M.

Historical events that allowed us to draw this conclusion

19 Apr 22:30	17 Dec 00:30
21 Sep 22:30	20 Jul 22:30

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