Canada Ivey PMI s.a News Event – a possible $200 movement on EURUSD

Based on the last 12 Ivey PMI s.a events in Canada, we expect a $200 movement on EURUSD within 2 hours following the event release at 07 Jan 15:00. We expect EURUSD to trend upwards 2 hours following the event release at 07 Jan 15:00 if the released value is > 53.2

Historical events that allowed us to draw this conclusion

06 Nov 15:00
07 Aug 14:00
07 Jul 14:00
05 Jun 14:00