Main scenario:
The pair is trading along an downtrend.
The uptrend may be expected to continue while pair is trading above support level 1222, which will be followed by reaching resistance level 1201 and then to 1188.
Alternative scenario:
An uptrend will start as soon, as the pair rises above resistance level 1234, which will be followed by moving up to resistance level 1256 and then to 1293. 
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