On the one hand, we can expect a decline in quotations, inasmuch as the Fed does not plan to reduce the emission of dollars at all and will aggressively print money for at least month and a half, increasing the already considerable surplus of dollar liquidity in the financial system. Against this background, the growth of quotes to the 110.00/110.20 area can be used to open Sell positions.

On the other hand, I expect continuation of the uptrend in the US and Japan equity markets, which is favorable for this currency pair, insofar as it has been historically correlated with the S&P500 and Nikkei 225 indices.

Trading recommendation: flat 109.30 – 110.20