FX.co ★ 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.

Further Development

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.

Key Levels:

Resistance: 1,1975

Support levels: 1,1845