We expect a $640 movement on EURUSD within 2 hours following the release of Housing Starts at 22 Jan 00:30. We expect EURUSD to trend downwards 2 hours following the event release at 22 Jan 00:30 if the released value is > 1.56M. A price movement of 64 pips is expected.

Historical events that allowed us to draw this conclusion

18 Dec 00:30	18 Aug 22:30
18 Mar 23:30	20 Feb 00:30
18 Jan 00:30

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