The US dollar rate rose slightly against the background of expectations of an increase in the Fed's interest rate. Investors are waiting for the publication of the Fed's decision on whether the rates will be increased more than three times this year, as previously announced. Thanks to this, the exchange rate of the US currency demonstrates growth relative to the basket of major currencies.
The Fed and the ECB representatives will speak today. Around this time the market will likely be more volatile.
Given the technical indicators, we can expect growth in our pair, as the RSI is pointing up and the price has moved away from the Bollinger lines.
Therefore, when passing and fixing the price above the level of 1.23, we recommend looking for points to enter long positions. Set targets to the levels of 1.2360 and 1.2405.
