Neither bullish or bearish at the moment but Will be looking for bullish confirmation before going long from the support highlighted around 1.2400 (TEXT AS IN GRAPH)
ORANGE ZONE undervalued caused by fear in the market since then market has been very bullish without having chance to settle, retrace significantly or consolidate. price may have to go to 1.25 before a secure bull run can be established.
In the long run we should see price rise due to the heavy rejection in the highlighted zone and the bull run which proceeded it