The three-month USD Libor rate dropped to its lowest level this month on the interbank lending market in London, which suggests a surplus of dollar liquidity in the financial system. This indicator showed growth until January 13. After that the trend changed. Such dynamics allows counting on the strengthening of the euro.

At the same time, I do not expect a rapid growth in quotations today, insofar as the statistics from Germany on business activity from the ZEW institute may disappoint investors with weak data against the background of lockdowns in the EU countries.

Investment idea: Buy 1.2073 / 1.2055 and take profit 1.2130.