Despite euro's brief drop to 1.2154 in Australian morning, the single currency managed to hold above last week's 4-year low of 1.2143 suggests further choppy consolidation above there would be seen and a stronger retracement of decline from 1.3673 towards 1.2417 cannot be ruled out, however, 1.2470 (previous support, now resistance) should cap upside and yield selloff later.    On the downside, only a breach of 1.2186 would revive bearishness for re-test of 1.2143/54 support area, below would confirm medium-term downtrend has resumed and extend towards 1.2100 level.