For the first time in the past six weeks, the European currency managed to gain a foothold above the psychological level of 1.2000. Today the buyers of the euro can rely on the growth of quotations again. Firstly, the US Treasury will add $14 billion to the financial system in the evening through operations to redeem Treasury bonds, which will have a negative influence on interest rates on dollar loans in the interbank market. Bankers have a substantial surplus of dollar liquidity this month and during such periods it is difficult to count on the strengthening of the American currency.

Secondly, the commodity market remains in high demand for industrial metals and energy resources, which will have a negative influence on the value of the dollar, inasmuch as raw materials are quoted in the US currency.

Investment idea: Buy 1.2010/1.1980 and take profit 1.2080.