On the one hand, the surplus of dollar liquidity in the banking system indicates a decline in quotations towards 104.00. This week, investors are selling the American currency against the majority of competitors – there is a steady demand for both developed and emerging countries’ currencies.

On the other hand, the American stock index S&P500 has entrenched above the level of 3900 points, and now it is aimed at testing the psychological mark of 4000 points. Investors buy securities counting on the realization of Joe Biden’s new anti-crisis program. An increase in the stock market may support this currency pair.

Investment idea: flat 104.00-104.90.