A solid horizontal support is in place for the price. We have observed a good recovery in the last three to four times. Price appears to have become trapped in the range-bound region, where no impulsive movement is evident. There is a greater likelihood that the price will go back towards the horizontal resistance region if it finds support close to the zone. A strong reversal candle can help us understand a bullish trend. And also 1.2500 is key level of support.
