The US Treasury and the Fed are starting today to increase the volume of dollar liquidity in the financial system, which will have a negative influence on the US currency rate. The Ministry of Finance will redeem $39.9 billion of Treasury bonds today. I didn’t even immediately remember when the Treasury conducted transactions in such a large volume the last time.

It turns out that it was February 25, and then the EURUSD pair was able to renew the five-week maximum. Now the five-week maximum is located at 1.1974, which is far from the current levels, but anything can happen. But if we look at the current market situation reasonably, then the ceiling for the euro’s growth is at the maximum of the current month 1.1894.

Trading recommendation: Buy 1.1760/1.1735 and take profit 1.1894.