The downtrend may be expected to continue from current levels, which will be followed by reaching support level 1.2230 and if it keeps on moving down below that level, we may expect the pair to reach support level 1.2155.
An uptrend will start as soon, as the pair rises above resistance level 1.2320, which will be followed by moving up to resistance level 1.2415 and then to 1.2500.
Supports: 1.2230, 1.2155
Resistances: 1.2320, 1.2415, 1.2500