A decrease in quotes to the area of the last week’s minimum should be used to open Buy positions with the expectation of a continuation of the upward trend. The US Federal Reserve System, despite the talk about the forthcoming reduction in the volume of stimulus, is increasing the purchase of assets, and it is doing it quite aggressively. The Fed’s balance sheet has grown by $103.8 billion over the past week. For the first time in history, the balance has exceeded $8.2 trillion!

The ECB was aggressively buying up assets at the beginning of the summer, but now it has calmed down its ardor and reduced the rate of growth of assets on its balance sheet. The multidirectional policy of the two Central Banks will have a negative influence on the value of the dollar.

Trading recommendation: Buy 1.1770/1.1745 and take profit 1.1830.