Want to know why EURUSD is going downwards today?

Based on the last 12 Unemployment Rate events in France, we expect a $870 movement on EURUSD within 12 hours following the event release at 14 May 15:30. We expect EURUSD to trend downwards 12 hours following the event release at 14 May 15:30 if the released value is < 8.4% Historical events that allowed us to draw this conclusion

13 Feb 17:30
14 Aug 15:30
16 May 15:30
20 Nov 17:30
14 Aug 15:30
18 May 15:30

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