No important events are expected today.

The yield on 10-year U.S. government bonds has been below the yield on 3-month treasuries for more than 200 days. This is the third time such an event has occurred in the last 60 years and on the previous two occasions it was a precursor to a major economic crisis in the United States.

At the beginning of an economic crisis, the U.S. dollar is often in high demand and now we can expect similar dynamics. According to the CFTC, investment funds have reduced longs in the euro to the minimum for the last 10 months, which is also favorable for the continuation of the downtrend.

Recommendations: Sell 1.0694/1.0735 and TP 1.0620.