A decrease in quotes to the area of yesterday’s minimum is advisable to use for buying, counting on the continuation of the upward trend. This currency pair has excellent chances to test the 116.00 mark this month. Asian stock markets are showing amicable growth today, inasmuch as fears around the bankruptcy of the largest Chinese developer Evergrande Group have evaporated.

The default of this company can provoke a severe financial crisis in Asia, insofar as many counterparties are tied to the company, which made investors nervous in recent days. The media also fueled panic with their articles that Evergrande will not be able to melt on its obligations this week, but the story finished with a happy ending, which is good news.

Trading recommendation: buy 113.80/113.55 and take profit 114.50.