We open Buy positions with the expectation of the continuation of the upward trend. Inasmuch as this currency pair has been historically strongly correlated with the American stock market, where, in my opinion, the upward trend will continue, it is advisable now to buy this currency pair.

Fed officials say that the “delta” strain of the coronavirus will not have a negative influence on the American economy. In the States, in two weeks they will stop paying unemployment benefits as part of the Joe Biden anti-crisis program, which will force many Americans to return to work. Against this background, we will see strong growth in the labor market, which will have a beneficial influence on corporate profits.

Trading recommendation: Buy 109.75/109.50 and take profit 110.30.