On the eve, the ECB published fresh statistics on the change in assets on the balance sheet. The indicator has renewed its historical maximum again and reached €7.95 trillion. Over the past week the balance increased by €24.1 billion, against €18.7 billion a week earlier. On the one hand, the rate of asset purchases has increased.

On the other hand, we are no longer seeing such high volumes as it was in the second quarter. Generally, these statistics are moderately negative for the euro. Meanwhile, the US Federal Reserve will print $44 billion this week to buy back Treasuries and mortgage bonds. The Federal Reserve is actively pursuing the issue of dollars again, which will have a strong negative influence on the quotes of the American currency.

Trading recommendation: Buy 1.1750/1.1725 and take profit 1.1450.