The pair continued rallying downwards after clearing the psychological level of 1.2500 earlier as seen on the provided daily chart. MACD traditional shows a very negative sign since its lines has overlapped bearishly below the histogram. As a consequence, the bearishness remains in favor for the rest of the day and a break below 1.2380 will ease the path towards 1.2255.
Recommendation : Based on the charts and explanations above our opinion is, selling the pair around 1.2500 targeting 1.2310 and stop loss above 1.2640 might be appropriate