Current supports could be seen at 1.2240 and afterward at around today's lows in the 1.2220/10 region.
Alternatively, the resistance is probably located at 1.2280 and if the euro jumps above that level, we could see another leg higher toward 1.2310.
The medium and long-term trends still look bullish, but short-term corrections could occur. Especially as US yields are starting to accelerate higher, which should be supportive for the greenback.
