United States Housing Starts News Event – a possible $270 movement on EURUSD

Based on the last 12 Housing Starts events in United States, we expect a $270 movement on EURUSD within 2 hours following the event release at 17 Feb 13:30. We expect EURUSD to trend downwards 2 hours following the event release at 17 Feb 13:30 if the released value is > 1.7M

Historical events that allowed us to draw this conclusion

19 Jan 13:30
16 Dec 13:30
21 Sep 12:30
20 Jul 12:30