The current levels are attractive for opening Buy positions for two reasons. Firstly, the rise in dollar interest rates on the interbank market in London will have a beneficial influence on the value of the American currency.

Secondly, I expect the continuation of the upward trend in the US stock market, which will have a beneficial influence on the value of this currency pair, inasmuch as it is historically correlated with the S&P500 index. Joe Biden’s new $1.7 trillion infrastructure program will have a positive influence on the earnings of American corporations, which will boost the value of their securities.

Trading recommendation: buy 113.92/113.70 and take profit 114.70.