Considering the disappointing reaction last month with +0.9 deviation, I think +1.0 deviation is not enough. I would trade at least +1.5 positive deviation and -1.0 negative.
"Traditionally" for Existing Home Sales EUR/JPY has been traded. Why EUR/USD this time? I think it's safer to trade EUR/JPY, at least it doesn't haves a counterintuitive USD component :)
This "risk appetite/aversion" thing is weird.
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