On the interbank lending markets in New York and London, the downward trend in dollar rates has stopped, which will support this currency pair. The continuation of the uptrend in the US stock market will have a positive influence on this currency pair, insofar as it is historically correlated with the S&P500 index.

The broad market index is confidently holding above the 3900 mark and could test the psychological 4000 mark in the second half of February, when Congress approves a new anti-crisis program of $1.9 trillion.

Investment idea: Buy 104.45/104.30 and take profit 104.75.