A correction to the nearest support level should be used to open Buy positions for two reasons. Firstly, the US Treasury today and tomorrow will conduct large-scale placement of Treasury bonds, which will reduce the volume of dollar liquidity in the financial system and provide short-term support to the American currency.

Secondly, on Wednesday, November 3, the Fed will announce its verdict on the reduction of the QE program, and most investment banks expect the regulator to start doing this in the middle of this month. Against this background, the dollar will also receive short-term support. When the Fed announced the launch of QE that year, the dollar has fallen. Now the process will be reversed.

Trading recommendation: buy 113.99/113.65 and take profit 114.41.