A decrease in quotes to the area of 109.20/109.00 should be used to open Buy positions with the expectation of a continuation of the upward trend. I expect the growth of quotes for the American stock index #SP500, which is positive for this currency pair, inasmuch as assets are correlated with each other.

Insofar as the Federal Reserve does not plan to change its monetary policy, investors have no choice but to increase the proportion of equities in their investment portfolios, inasmuch as inflation in the United States now substantially exceeds the yield on US government bonds.

Trading recommendation: Buy 109.41/109.20 and take profit 109.90.