An uptrend in the US stock market will have a positive influence on the value of this currency pair, inasmuch as assets are historically correlated with each other. Vaccination of the population from COVID-19 in the United States is gaining momentum, which, combined with the reflationary policy of the financial authorities, leaves investors no choice but to increase the part of shares in their portfolios.

Every quarter the government comes up with more and more anti-crisis programs, which contributes to the growth of corporate income, and the Federal Reserve keeps interest rates near 0%, which allows funds and banks to speculate on the stock exchange actively.

Investment idea: Buy 110.60/110.40 and take profit 111.05.