There will be no further growth, at least in the near future. Last trading day made it clear that the last price spikes in the upward direction were made within the formation of a correction, which is a simple zigzag.

In general, the corrective structure has become more complicated and will probably take the form of a double zigzag or flat.
Therefore, the pair is expected to decline in the near future. The potential of the movement is quite interesting and definitely worth taking part in.

Investment idea: sell 1.2150, stop loss 1.2180, take profit 1.1950.