Based on past United States Housing Starts news events there is a 71.43% chance of EURUSD trending upwards. We expect this to happen if the released value is > 1.478M. A price movement of 29 pips is expected.

Historical events that allowed us to draw this conclusion

17 Jul 22:30

18 Sep 22:30

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