The pair remains in a short-term uptrend. It's getting closer to our goal of yesterday. The pair still has the potential to continue growing, if the overall positive sentiment in the markets persists.
Technical side:
The price is located above the middle Bollinger band, above SMA 5 and SMA 14. RSI is above the 50% level and continues to grow. Stoch are entering the overbought zone.
Trading Idea:
Buy the pair with the target of 1.2340 after overcoming the 1.2240.