At first glance, the current price is attractive for buying in the hope of a continuation of the bullish trend, as the tightening of the US Federal Reserve’s monetary policy will positively affect the USD price in the coming months.

But the current decline in the US stock index SP500 negatively affects the dollar, as these instruments are correlated with each other. Rising Fed rates could deflate the bubble in the stock market. Since the pair reacts sensitively to the American stock market, this factor cannot be ignored.