Despite yesterday's retreat from 1.2701 to 1.2566, lack of follow through selling and subsequent rebound suggest further choppy trading would be seen and gain towards 1.2701 cannot be ruled out, however, as broad outlook remains consolidative, res at 1.2742 should limit upside and yield another fall later.  

Below 1.2566 would bring marginal weakness, however, reckon 1.2512 support would contain downside and recent volatile price action should continue...