Important events today:

US: Treasury Auctions

The growth of quotations to the nearest resistance levels should be used to open Sell positions. Today, the U.S. Treasury will hold $99 billion in Treasury bond auctions, which will lead to a reduction of dollar liquidity in the financial system. The Treasury now has about $472 billion in its account, and the Treasury plans to have $700 billion in the account by December 31.

The Treasury has less than a month and a half left to execute its plan. The U.S. Federal Reserve will be cutting assets by about $40 billion in the remaining days of November, which will also help reduce dollar liquidity and is positive for the growth of the dollar. The US currency has been showing weakness for the last 4 weeks and it is time for a technical correction.

Recommendations: Sell 1.0340/1.0380 and TP 1.0250.