We expect USDCHF to trend downwards later today. Based on these past United States Existing Home Sales news events there is a 71.43% chance of this. We expect this to happen if the released value is > 6.55M. A price movement of 12 pips is expected.

Historical events that allowed us to draw this conclusion

20 Nov 02:00	23 Oct 01:00
22 Aug 00:00	22 Feb 02:00
23 Jan 02:00

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