Want to know why EURUSD is going downwards today?

Based on the last 12 Employment Change events in Canada, we expect a $580 movement on EURUSD within 48 hours following the event release at 04 Jan 13:30. We expect EURUSD to trend downwards 48 hours following the event release at 04 Jan 13:30 if the released value is > 5.5K

Historical events that allowed us to draw this conclusion

02 Nov 12:30

05 Oct 13:30

10 Aug 13:30

06 Jul 13:30

05 Jan 13:30

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

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