A mixed background is being formed today. On the one hand, we can expect the growth of quotations against the background of the continuation of the upward trend in the American stock market, inasmuch as this currency pair is historically correlated with the S&P500 index. The VIX “fear” index has confidently established itself below the psychological level of 20 points – investors are full of optimism now and are ready to increase their purchases of shares, which will contribute to the growth of the stock market.

On the other hand, the surplus of dollar liquidity in the global financial system will have a negative influence on the value of the American currency.

Investment idea: flat 109.50 – 110.40.