Inasmuch as the US Treasury will withdraw liquidity today from the financial system in the amount of $67.4 billion, we can expect the growth of the US dollar quotes at least to the psychological level of 110.00, and as a maximum to last week’s extreme of 110.79.

The current levels in this currency pair are attractive for short-term and medium-term “longs”, insofar as it is still strongly correlated with the American stock market, which renews its historical maximum on a weekly basis and now there is no reason for a trend change.

Trading recommendation: Buy 109.30/109.05 and take profit 109.95.