The course of trading will be determined by the mood in the American stock market. Today and tomorrow, the ten largest American corporations from the S&P500 index will present their financial results. Investors are interested not only in numbers for 2020, but also in forecasts for 2021.

In my view, the forecasts will be positive, inasmuch as the United States is actively vaccinating the population against coronavirus infection, which will increase domestic demand. Due to the lower dollar exchange rate than in the last two years, exporters will be able to increase the supply of products to foreign markets. This is a positive signal for this currency pair, insofar as it has been historically correlated with the US stock market.

Investment idea: Buy 103.60/103.45 and take profit 103.91.