On the one hand, in first half of the previous trading session the exchange rate expectedly tried to slip to the weekly PP at 1,287.22. On the other hand, without sufficient liquidity related to beginning of holidays in the United States the pair could not surge above resistance near the 1,293.00 either. As a result, it formed a minor symmetrical triangle, which is expected to be broken by the end of this week. The breakout to the bottom seems unlikely, as the aggregate market sentiment remains 54% bullish and the pair is generally advancing in an ascending channel. But even if it happens the plunge is unlikely to go below the above weekly PP that is additionally backed up by the 55- and 100-hour SMAs. However, in case of surge it is still doubtful that the pair will sneak above the 1,295.00 mark.
