On Friday we can expect a bit movement with Manufacturing PMI figures, but liquidity at the markets is till likely to be low. With that being the case we believe that pair is likely to find support around 1.2080 and 1.2050 in extension level, so this would be our short-term buying point and resistance near 1.2180 level so this is where we would consider selling the market. Long-term looking we have no interest in buying this market at the moment. Any rallies should offer short-term selling opportunity as market is likely to go much lower, with a target at 1.2050 level.