The pair remains in a short-term uptrend. If the data published today on the indices of business activity in the manufacturing sector and the services sector in the eurozone and Germany turn out to be no worse than expected, this may serve as a reason for the pair's growth.
Technical side:
The price is located above the middle Bollinger band, below SMA 5, but above SMA 14. RSI is above the 50% level and is turning down. Stoch are also showing a local downside reversal in the oversold zone.
Trading idea:
Buy the pair after its growth above 1.2240 with the target of 1.2325.