Friday's breach of 1.234 support to 1.2664 confirms decline from 1.3334 has once again resumed and outlook remains mildly bearish for marginal weakness but near term loss of momentum should prevent steep fall today and reckon 1.2630/40 would contain weakness.  
On the upside, above 1.2772 signals temporary low is made and risks gain toward 1.2833/36.