EUR/USD analysis for March 05 2021 – Bear intraday flag pattern in creation and potential for another drop towards 1.1850
Latest data released by Halifax – 5 March 2021
- Prior -0.3%
- House prices +5.2% vs +4.6% y/y expected
- Prior +5.4%
Slight delay in the release by the source. After a relatively robust period of housing market activity, average prices are seen down slightly to start the year but are comfortably much higher than what they were a year ago.
Analyzing the current trading chart of EUR/USD, I found that EUR is trading downside with increase on volume and that we might see more downside continuation.
Support levels: 1,1845
The material has been provided by InstaForex Company – www.instaforex.com