Based on past United States New Home Sales news events there is a 87.5% chance of EURUSD trending downwards. We expect this to happen if the released value is > 0.71M. A price movement of 94 pips is expected.

Historical events that allowed us to draw this conclusion

27 Nov 02:00	25 Oct 01:00
26 Sep 00:00	25 Jul 00:00
24 Apr 00:00	30 Mar 01:00

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