There’s a consolidation, which is taking place under the closest resistance at 1.2323. So, bears are likely going to achieve a support at 1.2226 – 1.2089 in the short term.
Meanwhile, if we see a pullback from these levels, bulls will have an opportunity to test the 34 Moving Average.
The price is moving up and down between the levels 1.2330 – 1.2226. In this case, the pair is likely going to reach the nearest support at 1.2132 during the day. However, there’s an option to have a local bullish correction afterwards.
Origin: FX BAZOOKA
