The single currency jumped to 1.2490 due to market's optimism over w/end's announcement by PBOC to allow greater flexibility of the yuan, euro's subsequent retreat suggests further choppy consolidation below there would be seen, however, as long as 1.2345/68 sup area holds, bullishness remains for the corrective decline from 4-year low of 1.1876 to resume and extend to measured objective at 1.2570 later.    On the downside, below 1.2353 support (Friday's low) would signal temporary top is made and may bring weakness to 1.2270/80, however, support at 1.2242 should remain intact.