The single currency tumbled a 4-year low of 1.2234 on concerns persistent worries that harsh spending cuts may choke off a fragile recovery in the eurozone, however, profit-taking bids lifted price, suggesting consolidation would be seen, however, as long as 1.2390/00 holds, recent downtrend should resume for re-test of said support, below would extend weakness to 1.2200.     On the upside, a dail close abv 1.2430 is needed to confirm a temporary low is made and bring a stronger retracement to 1.2535/76 resistance area.