Despite yesterday's initial rise to 1.2327, subsequent selloff to 1.2152 suggests the correction from this week's 4-year low of 1.2110 has possibly ended earlier at 1.2355 and choppy consolidation would continue inside the established range of 1.2110-1.2355.    On the downside, a breach of 1.2152 would confirm medium-term downtrend from 1.6040 has once again resumed for re-test of said support and then one more fall to 1.2060/65 but loss of momentum would limit downside to 1.2000/10. Above 1.2271 would prolong recent choppy trading and may bring another rebound to 1.2327 and possibly re-test of 1.2355 resistance.