rallied upwards from a support zone
between 1.2150 1.2200 to a resistance zone
1.2460 to 1.2480. This zone has held twice in very recent past so I expect it to hold again. Also price rallied upwards in the form of an ascending wedge
and has made a minor breakout. If the breakout is complete, I expect a drop back down to the support zone
at around 1.2200.