Euro's rebound from 1.2513 suggests recent decline has formed a temporary low yesterday and further consolidation above there is seen with upside bias for a retracement to 1.2640/45, however, reckon 1.2670 would limit gain and bring a retreat later.  
Below 1.2513 would yield one more fall to 1.2460/70 but loss of downward momentum should keep price above 1.2400 and yield correction.