A decline in quotes should be used to open Buy positions, insofar as a continuation of the uptrend in the American stock market will provide good support for this currency pair. Investment banks expect an acceleration of the economic growth in the United States this year, as evidenced by the dynamics of the debt market, where the yield spread between long-term and short-term bonds has renewed a three-year maximum.

Vaccination of the population in the United States is gaining momentum and Joe Biden is confident that he can keep his campaign promise: 100 million vaccinated people in 100 days of the presidential term. Therefore, by May 1, 30.3% of the US population will be vaccinated, which will stabilize the situation with the pandemic. Investors are already playing out this event and readily buying up shares on the New York stock exchange.

Investment idea: Buy 105.60/105.40 and take profit 106.04.