Today, a mixed background is being formed. On the one hand, we can expect an increase in quotations against the background of the continuation of the upward trend in the American stock market, inasmuch as today the US Federal Reserve will almost 5 times increase the volume of redemption of Treasury bonds, which will contribute to increase dollar liquidity in the financial system and encourage investors to increase “longs” by stock exchange in New York.

On the other hand, low dollar interest rates on the interbank market in London may provoke a sell-off in the American currency, and we will see a decline in quotations to the area of the nearest support level of 108.47.

Trading recommendation: flat 108.60 – 109.40.