The demand for risky assets pushes up the quotes of this currency pair, inasmuch as it is historically correlated with high-yielding assets. Insofar as the Federal Reserve in every possible way denies any hints of tightening monetary policy, and the surplus of dollars in the financial system is off scale, the bankers have no choice but to buy risky assets.

Inasmuch as the US Treasury must spend $278 billion from its account at the Fed before the end of the quarter, a positive trend can be expected in the stock markets in the next two weeks.

Trading recommendation: Buy 109.75/109.50 and take profit 110.00.