We expect USDCHF to trend downwards later today. Based on these past United States Existing Home Sales news events there is a 80% chance of this. We expect this to happen if the released value is > 3.96M. A price movement of 34 pips is expected.

Historical events that allowed us to draw this conclusion

19 Nov 02:00	21 Oct 01:00
22 Jun 00:00	19 Feb 02:00

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