A decrease in quotes to the area of 109.00/108.80 should be used to open Buy positions with a view to the continuation of the trend. The main “driver” of growth will be the uptrend in the American stock market, inasmuch as this currency pair is strongly correlated with the S&P500 and DJI30 stock indices.

Today, the US Treasury will redeem bonds in the amount of $25 billion, which will provide good support for the stock market. US retail statistics for January can also delight investors with positive data on the back of rising wages.

Investment idea: Buy 109.05/108.88 and take profit 109.45.