No important events are expected today.

The decline to the nearest support levels should be used to open Buy positions for the continuation of the uptrend for two reasons. Firstly, Friday statistics on the US labor market for March indicates a slowdown in the pace of wage growth, which allows us to expect a further decline in inflation.

We get the inflation data on Wednesday April 12 and we are likely to see a decline in the core CPI, which is negative for the dollar. Secondly, I expect a continuation of the uptrend in commodities, which is also negative for the USD, as the American currency has an inverse correlation with metals and energy.

Recommendations: Buy 1.0880/1.0850 and TP 1.0950.