No significant changes during the last trading day were observed on the pair in question. Price actually remained on the same values as on the last week. It is clear that it can not last so long and at the end the price will “shoot” somewhere.

Based on the considered scenario, we assume that the “shot” will be directed downward. It is conditioned by the beginning of the downward impulse, which started after the formation of the double three.

Breakdown of the current local minimum, passing through 1.2385, will be a possible signal for the deals to sell.

Recommendations: Sell 1.2385, SL 1.2410, TP 1.1800.