I expect a continuation of the uptrend in the American stock market, which will positively affect the value of this currency pair, inasmuch as the assets are correlated with each other. The US Federal Reserve has published fresh statistics on the change in assets on the balance sheet.

Assets increased by $115.17 billion over the last week due to a substantial increase in purchases of treasury and mortgage bonds. The annual growth rate again exceeded 81%, which is not far from a ten-year maximum of 86%. The growth of the Fed’s balance sheet will have a positive influence on the US stock market.

Investment idea: Buy 105.40/105.20 and take profit 105.80.