The growth of quotes in the area of 105.00 should be used to open sell positions. Inflation is starting to rise in the US, which will have a negative influence on the value of the dollar, insofar as negative real interest rates will increase. If a month ago the negative real rate in the US was 0.975%, now this figure has increased to 1.175%.

The Federal Reserve expects inflation to rise to 1.8% by the end of 2021. Therefore, the negative real interest rate will increase to 1.675% at the end of the year. It will encourage capital outflow from the US dollar.

Investment idea: Sell 105.00/105.20 and take profit 104.50.