On the one hand, today we can expect a decline in quotations, inasmuch as the US Treasury will hold an auction for the placement of Treasury bonds in the amount of $67.4 billion. The withdrawal of dollar liquidity from the financial system will have a favorable influence on the value of the American currency in the short term.

On the other hand, the Fed’s balance sheet has renewed its historical maximum again and the rate of buying up assets of one hundred of the Fed’s side is now higher than that of the ECB, which will not allow the dollar to demonstrate a strong growth in quotations. Today a signal is being formed to strengthen the dollar, but it cannot be called strong in order to confidently open a Sell position.

Trading recommendation: flat 1.1740-1.1820.