Today, a positive background is being formed for two reasons. Firstly, the nonfarm payrolls report about changes of number of employees may outperform consensus insofar as the ISM leading industrial and nonfarm employment indicators showed annual maximum in January, indicating a strong labor market.

Secondly, the American stock market is preparing to renew its historical maximum on the larger market index S&P500, which is also positive for this currency pair, which has been historically correlated with the stock market. The high growth rate of the money supply in the United States is forcing investors to buy securities actively, which pushes quotes upward to new records.

Investment idea: Buy 105.45/105.27 and take profit 105.80.