Surplus of dollar liquidity

07.09.2021

A decline in quotes to the nearest support levels is advisable to use to open Buy positions with the expectation of a continuation of the upward trend. Inasmuch as the statistics on the US labor market disappointed investors with weak data, the market does not expect any hints from the Fed to cut stimulus measures at the upcoming meeting on September 22.

The issue of reducing stimulus will apparently be actively discussed at the meeting on November 3, and until that time the dollar will be under pressure.

Trading recommendation: Buy 1.3817/1.3790 and take profit 1.3880.