Important events today:

US: Auctions of the Ministry of Finance.

The growth of quotations to the nearest resistance levels is reasonable to use for opening positions for two reasons. Firstly, the market of the British government debt is again witnessing sell-offs of securities, which is negative for the British financial companies. Banks, insurance companies and pension funds in periods of decline in the value of government bonds have problems with meeting the capital adequacy ratio, which in the past has always had a negative impact on the pound.

Secondly, the U.S. Ministry of Finance today and tomorrow will place 3-year and 10-year government bonds, which will help to reduce the surplus of dollar liquidity in the financial system and will provide short-term support to the dollar.

Recommendations: Sell 1.2790/1.2825 and TP 1.2710.