As long as the parity remains below 1.25/1.26 from a technical perspective, we expect the outlook to remain weak and increases to provide a selling opportunity. If 1.2360 is broken below, 1.2290 can be targeted.

Resistance | 1.2500 | 1.2550 | 1.2600 |
Support | 1.2360 | 1.2290 | 1.2200 |