The pair remains in a short-term uptrend. It found support at 1.2160. Positive sentiment in the markets amid the new US employment data, which will be published next week, may support the pair.
Technical side:
The price is located below the middle Bollinger band, above SMA 5, but below SMA 14. RSI crosses the 50% level and gives a buy signal. Stoch also shows a local upward reversal above the oversold zone.
Trading recommendations:
Buy a pair with a target level of 1.2240.