The technical bias has turned bullish as the price failed to hold below the 1.2500 resistance area. Around the 200-day simple moving average.
1.2600 resistance turned support now should limit any downside pullback, with the next target at 1.2775-1.2810 next resistance area. Above 1.2810, 1.2900 is the next potential resistance level. While below 1.2600, we may see a retest of 1.2500 support.