As long as the parity remains below 1.2480 in the short term and below 1.26 in the broader picture, increases can be expected to provide selling opportunities. We can see buying opportunities in declines towards 1.22 below.
Resistance | 1.2480 | 1.2550 | 1.2600 |
Support | 1.2350 | 1.2300 | 1.2200 |