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05.03.202108:01 Forex Analysis & Reviews: Evening review of EUR/USD on March 3, 2021

This information is provided to retail and professional clients as part of marketing communication. It does not contain and should not be construed as containing investment advice or investment recommendation or an offer or solicitation to engage in any transaction or strategy in financial instruments. Past performance is not a guarantee or prediction of future performance. Instant Trading EU Ltd. makes no representation and assumes no liability as to the accuracy or completeness of the information provided, or any loss arising from any investment based on analysis, forecast or other information provided by an employee of the Company or otherwise. Full disclaimer is available here.

Exchange Rates 05.03.2021 analysis

S&P500

The US market is at the 50 MA. It is not falling at the moment.

The US unveiled its employment report. The number of unemployment claims advanced by 750 thousand reaching the average level of the previous weeks.

The number of continuous claims dropped by 100 thousand to 4.3 million.

Exchange Rates 05.03.2021 analysis

EUR/USD

The euro is still keeping its positions despite a fall in the franc and the yen against the US dollar.

Sell positions could be opened from 1.1990.

Buy positions could be initiated from 1.2115.

Jozef Kovach
Analytical expert of InstaForex
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