We expect a $659.903 movement on USDCHF within 48 hours following the release of Existing Home Sales at 20 Feb 02:00. We expect USDCHF to trend downwards 48 hours following the event release at 20 Feb 02:00 if the released value is > 6.61M. A price movement of 59 pips is expected.

Historical events that allowed us to draw this conclusion

20 Nov 02:00	22 Aug 00:00
21 Mar 01:00	22 Feb 02:00

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