The EURUSD pair is coming out of 18-day consolidation below 1.1900. Looking back, we saw a way out of consolidation below 1.1400, and further growth by 500 points to 1.1900. By this logic, 1.2400 seems attainable.
Further, the monthly candlestick is clearly bullish, thus those who considered purchases from 1.1810 with a stop at 1.165, the stop is at the opening point of the month. It makes sense to hold in time until the end of August.
If you look at the pullback, then you need to see either a rollback on a daily basis to the green line of the Williams alligator, or a rollback to the red alligator by an H4 chart. Then go up on a new entry.
You may consider purchases from the green average alligator at H4 which is now at 1.1880.
