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Want to know why EURUSD is going down today?

Want to know why EURUSD is going down today?

Based on the last 12 Balance of Trade events in US, we expect a $260 movement on EURUSD within 4 hours following the event release at 05 Oct 12:30.
We expect EURUSD to trend down 4 hours following the event release at 05 Oct 12:30 if the released value is < $-53.5B Historical events that allowed us to draw this conclusion

05 Apr 12:30
 
07 Mar 13:30
 
05 Jan 13:30
 
05 Dec 13:30
 
03 Nov 12:30
 

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

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