Based on the last 12 Existing Home Sales events in United States, we expect USDCHF to trend downwards right now. Based on these past events there is a 80% chance of this. We expect USDCHF to trend downwards for the next 2 hours because the released value is > 6.1M. A price movement of 27 pips is expected.

Historical events that allowed us to draw this conclusion

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

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