The growth of quotations to the nearest resistance level should be used to open Sell positions, inasmuch as today I expect the US currency to sell.

At the Jackson Hole Economic Symposium, Fed Chairman, Jerome Powell, will point to the necessity for maintaining soft monetary policy in the medium term, insofar as employment in the US economy is still far from pre-pandemic levels. Against this background, the dollar will demonstrate weakness in relation to many of its competitors.

Trading recommendation: Sell 110.20/110.50 and take profit 109.81.