If the released value is > 5.8M for the Existing Home Sales event, we could see a $60 movement on EURUSD within 2 hours following the release at 20 Apr 14:00. This movement may form an upwards trend for 2 hours following the event release at 20 Apr 14:00.

Historical events that allowed us to draw this conclusion

22 Nov 15:00

21 Oct 14:00

23 Aug 14:00

22 Jun 14:00