In the afternoon, the United States will publish its April personal consumption spending release, which will have a strong influence on trading. This indicator is used by the Federal Reserve as an indicator of inflation.

Investors expect the growth of the indicator to 3%, and this opinion can be fully agreed with, inasmuch as the Fed pointed to the fact that in the second and third quarters inflation will temporarily go above the 2.5% mark. The rise in inflation is negative for the dollar, insofar as the Fed has no plans to raise interest rates.

Trading recommendation: Buy 1.4170/1.4150 and take profit 1.4236.