We buy euro for two reasons. Firstly, on the interbank lending markets in New York and London, dollar rates have updated semi-annual lows, which points to an excess of American currency among bankers. This is a negative signal for the dollar. Secondly, the Federal Reserve has published fresh statistics on the change in assets on the balance sheet, where it recorded an increase in the indicator by $80.97 billion.

Let me remind you that the ECB balance sheet increased by €30.93 billion. The Fed is buying up assets in greater volume, which is positive for the EURUSD pair.

Investment idea: Buy 1.2169/1.2150 and take profit 1.2210.