No important events are expected today.

The decline in the area of the closest support levels should be used for buying for two reasons. Firstly, on the debt market there is an increase in the yields of US 10-year government bonds, which is favourable for the growth of the dollar. Secondly, there is good demand in the stock markets, which is also good for the currency pair, because they are historically correlated with the stock markets.

We are now seeing a technical correction in the stock markets around the world as the markets have been massively oversold in the past half year and a correction is overdue. In addition, the US financial authorities are not withdrawing any dollar liquidity from the financial system this week, which is also good for the stock markets.

Recommendations: Buy 144.20/143.90 with TP 145.00.