The pair continues to ebb and flow. From a technical perspective, as long as it remains below 1.2480, we expect the outlook to remain weak and the increases to provide a selling opportunity. If 1.2250 is broken below, 1.2150 can be targeted.
Resistance | 1.2360 | 1.2400 | 1.2480 |
Support | 1.2250 | 1.2150 | 1.2100 |