On the downside minor support is around 1.2080 and any break below will drag the pair fuether down till 1.190/1.1800 in short term.
The pair’s short term resistance is around 1.2180 (7 day ) and any break above would extend gains till 1.2218/ 1.2305.
Indicator (4 hour chart)
(50) - Sell
(14) – Sell
It is good to sell on rallies around 1.2180 for the target of 1.1900 with stop around 1.2305.