The uptrend in the American stock market is strengthening, which will have a positive influence on this currency pair, inasmuch as it is historically correlated with the S&P500 index. Firstly, the United States continues to please us with positive corporate reporting. On the eve, J&J, Coca-Cola, Verizon published strong quarterly results. Today reports will be published by Intel, AT&T, Twitter.

Secondly, the US Treasury and the Federal Reserve will continue to increase the volume of dollar liquidity in the financial system today and tomorrow, which historically provides good support for the securities market.

Trading recommendation: Buy 110.00/109.75 and take profit 110.50.