We open Buy positions for two reasons. Firstly, the United States continues to please investors with positive macroeconomic statistics. Retail data on Friday recorded sales growth of 51.2% (y/y). Improving the situation on the labor market, coupled with the implementation of Joe Biden’s anti-crisis program, contributes to an increase in consumer spending.

Secondly, the US Treasury will hold an auction today for the placement of treasury bonds in the amount of $78.3 billion. The withdrawal of dollar liquidity from the financial system will provide short-term support to the American currency.

Trading recommendation: Buy 109.20/109.00 and take profit 109.60.