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We expect EURUSD to trend upwards today with a 80% chance.

Based on the last 12 Housing Starts events in United States, we expect EURUSD to trend upwards later today. Based on these past events there is a 80% chance of this. This will happen if the released value is > 1.261M

Historical events that allowed us to draw this conclusion

18 Jun 12:30
08 Mar 13:30
18 Dec 13:30
19 Sep 12:30

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

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US30 is quickly approaching the resistance line of a Rising Wedge. We expect either a breakout through this line or a rebound.

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We expect EURUSD to trend downwards today with a 66.67% chance.

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