The current levels of the European currency should be used to open Buy positions with the expectation of a continuation of the upward trend. Firstly, on the interbank market in London, the three-month dollar rate of Libor has renewed its historical minimum again, which is negative for the American currency rate. The market will not be able to ignore this factor for a long time, and investors will buy out yesterday’s correction in euros.

Secondly, the US Federal Reserve published statistics on changes in the money supply yesterday. The growth rate is 17.9%, while the same indicator in the eurozone is 10.1%. The higher this indicator, the worse it is for the national currency rate.

Trading recommendation: Buy 1.2185/1.2160 and take profit 1.2300.