MARKET ANALYSIS: The pair has broken the big consolidation area which has been there for around 28 months. Now since the market has broken the long range bound market, we can expect a new high to the next channel resistance near the 1.25000 level. Before that there is resistance near the 1.22000 level, So have a look on that. So lets wait and see what the market does in the coming months. Have a good day and good trades. Cheers!