Despite last week's rally from 1.2143 to 1.2673, subsequent retreat suggests corrective upmove from the 4-year low of 1.2143 has formed a temporary top there and choppy consolidation would be seen, however, a daily close below pivotal supprt at 1.2296 is needed to confirm recent downtrend has once again resumed for re-test of said low, break would extend towards 1.2100 later.    On the upside, a breach of 1.2599 would signal pullback is over instead and bring stronger correction to 1.2673 and possibly towards 1.2740 resistance before down.