A decrease in quotes to the 110.40/110.15 area should be used to open Buy positions with the expectation of a continuation of the upward trend. On the eve, the American stock index NQ100 renewed its historical maximum again, which signals a high demand for securities from the stock market and banks. This index includes stocks of IT companies, which historically rise in price during favorable periods and fall first when investors are worried about something.

Now investors are not intimidated by anything and are buying up shares on small corrections. And why should they actually be afraid when the liquidity surplus in the financial system is simply going through the roof. The growth of the US stock market is favorable for this currency pair, inasmuch as the instruments are historically correlated with each other.

Trading recommendation: Buy 110.39/111.15 and take profit 110.90.