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Want to know why EURUSD is going up today?

Want to know why EURUSD is going up today?

Based on the last 12 Balance of Trade events in US, we expect a $130 movement on EURUSD within 4 hours following the event release at 02 Nov 12:30.
We expect EURUSD to trend up 4 hours following the event release at 02 Nov 12:30 if the released value is > $-53.6B

Historical events that allowed us to draw this conclusion

05 Oct 12:30
 
05 Sep 12:30
 
03 Aug 12:30
 
06 Jul 12:30
 
06 Jun 12:30
 

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

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