No important events are expected today.

In the first half of the day, we can expect growth in the quotes of the single European currency on the background of gold appreciation, as the assets are historically highly correlated. The precious metal has been in high demand in the last three weeks due to geopolitical tensions in the Middle East.

This rise in the Euro is appropriate to use to open Sell positions as I expect US long-term government bond yields to rise, which is favourable for a stronger dollar. Last week the yield of 10-year government bonds tested the mark of 5% and in the new five-day period I expect to consolidate beyond this level, as in the coming days the U.S. Ministry of Finance and the Fed will conduct operations to reduce dollar liquidity in the financial system.

Recommendations: Sell 1.0610/1.0645 and TP 1.0550.