Inasmuch as dollar interest rates on the interbank market in London are at historical minimums, I expect the continuation of the upward trend in this currency pair. The “bears” had only one hope for the Fed, which, in their opinion, can announce the phasing out of stimulus at the June 16 meeting, but Friday’s release on Non-Farm canceled everything out.

In my opinion, even if we saw strong employment data on Friday, the Federal Reserve would still not announce anything, inasmuch as private sector employment is still far from pre-coronavirus levels. One strong employment report is not enough for a change in monetary policy. Stable growth is required for six months.

Trading recommendation: Buy 1.4159/1.4135 and take profit 1.4249.