The pair remains in a short-term uptrend. It found support at 1.2170, which is technically "strong". If it stays above it, and the market sentiment is positive, expect a local reversal of the pair's growth resumption.
Technical side:
The price is located below the middle Bollinger band, above SMA 5, but below SMA 14. RSI is below the 50% level and shows an upward turn. Stoch are moving out of the oversold zone.
Trading idea:
Buy a pair with a target of 1.2260.