The US Congress after several attempts approved Joe Biden’s anti-crisis program, which caused a rally in the American stock market. I note that the uptrend in the US stock market will continue today, inasmuch as the Federal Reserve today will make operations in the Treasury market in the amount of $12.8 billion. I note that in the period from Monday to Thursday, total bond purchases amounted to $6.6 billion.

Therefore, today the volume of assets redemption will be two times more than in the previous 4 days. This factor will positively affect the capitalization of the stock market, and today I expect new records for major stock indices, which in turn will support this currency pair, inasmuch as it has been historically correlated with stock indices.

Investment idea: Buy 108.55/108.37 and take profit 109.10.