An attempt to gain a foothold behind the psychological level 110.00

31.05.2021

Consolidation should be expected near the psychological level of 110.00 during the day.

Japanese investors will try to accelerate quotes to the top in anticipation of renewing the maximum of last week against the background of strong demand for risky assets around the world, but I do not expect prices to fix above this level, inasmuch as there will be no support from American investors today due to the weekend in the United States.

Trading recommendation: Buy 109.60/109.40 and take profit 110.00.