Eurozone February construction output -2.1% vs +0.8% m/m priorPrior +0.8%Construction output -5.8% y/yPrior -1.9%; revised to -2.6%A bit of lagging indicator as construction activity seems to be weighed down again as tighter restrictions weighed on things in Q1. Civil engineering activity fell by 3.2% and building construction fell by 1.3% in February.Further Development


Analyzing the current trading chart of EUR, I found that EUR reached my first upside target from last week at the price of 1.2035.My advice is to watch for buying opportunities on the pullbacks with the next upside target at the price of 1.2100.Momentum is very strong to the upside, which is good indication for further upside continuation.

The material has been provided by InstaForex Company –

Leave your vote

🚀If you want to get a Forex Robot Coded as per your trading strategy but are unable to do so because of the high price for the Robot then you can take advantage of the CROWD FUNDING campaigns feature. ✔ These are some crowd funding campaigns for Forex Robots, which when completed can provide the very same Forex Robot to the participants at an average price of $5-$10 per participant. ✔ You either participate in one of the already listed campaigns or send us your Forex strategy : Submit Crowd Funding Campaign , for which you would like the Forex Robot to be coded. A Crowd Funding Campaign would then be started for the same . ✔ All you have to do later on is to share the campaign online with your friends to encourage more people to participate in the campaign.

As a result, each participant can get that Forex robot for just a campaign contribution of $5 (which is the minimum). Participants can back the campaign by anything above or equal to $5 to reach the funding goal to close the campaign.