We expect USDCHF to trend downwards later today. Based on these past United States Existing Home Sales news events there is a 66.67% chance of this. We expect this to happen if the released value is > 5.38M. A price movement of 80 pips is expected.

Historical events that allowed us to draw this conclusion

21 Mar 01:00	22 Feb 02:00
20 Sep 00:00

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