We expect a $620 movement on EURUSD within the next 2 hours. We expect EURUSD to trend downwards 2 hours following the Employment Change events in Canada release because the released value is > 100K. A price movement of 62 pips is expected.

Historical events that allowed us to draw this conclusion

13 Mar 00:30	05 Dec 00:30
07 Aug 22:30	05 Jun 22:30
08 May 22:30

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