Monday is a hard day! How else, if today the US Treasury holds an auction for the placement of treasury bonds in the amount of $78.3 billion. The withdrawal of dollar liquidity from the financial system will provide short-term support to the American currency. Meanwhile, I do not expect a strong strengthening of the dollar, inasmuch as the exchange rate of the American currency is now already high, given the historical minimum for dollar rates in the interbank lending market in London.

I would like to note that the US Treasury will return $19.9 billion to the financial system tomorrow, and on Thursday it will additionally increase the volume of liquidity by $20.9 billion. Therefore, tomorrow you should buy euros with the expectation of a continuation of the upward trend.

Trading recommendation: flat 1.2070 – 1.2160.