The pair remains in a short-term uptrend. It reached our target of 1.2180 yesterday amid the rising demand for risky assets and investors' continuing hopes for the short-term increase in inflation in the US, and this will not allow the Fed to change its current ultra-soft monetary policy.
Technical side:
The price is located at the level of the upper Bollinger band, above SMA 5 and SMA 14. RSI enters the oversold zone. Stoch are also there.
EURUSD rate online: monitor the price movement in real time.
Trading idea:
Expect the pair to grow first to 1.2225, and then to 1.2240.