A decline in quotes should be used to open Buy positions for two reasons. Firstly, on the interbank market in London, the benchmark three-month dollar-denominated Libor interest rate has renewed a three-month maximum, which is positive for the American currency.

Secondly, the US stock indices SP500 and DJI30 renewed their historical maximums, which is also favorable for this currency pair, inasmuch as it has historically been correlated with stock markets. American corporations are delighting the market with positive quarterly reports, which forces investors to buy up shares.

Trading recommendation: buy 113.70/113.50 and take profit 114.11.