Canada Employment Change News Event – a possible $620 movement on EURUSD

Based on the last 12 Employment Change events in Canada, we expect a $620 movement on EURUSD within 2 hours following the event release at 09 Apr 12:30. We expect EURUSD to trend downwards 2 hours following the event release at 09 Apr 12:30 if the released value is > 100K

Historical events that allowed us to draw this conclusion

12 Mar 13:30
04 Dec 13:30
07 Aug 12:30
05 Jun 12:30
08 May 12:30