Want to know why EURUSD is going downwards today?

Based on the last 12 Inflation Rate YoY events in Canada, we expect a $530 movement on EURUSD within 2 hours following the event release at 21 Jan 00:30. We expect EURUSD to trend downwards 2 hours following the event release at 21 Jan 00:30 if the released value is < 1% Historical events that allowed us to draw this conclusion

16 Sep 22:30
19 Aug 22:30
17 Jun 22:30
22 Apr 22:30

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