Although euro's recent decline has once again resumed on active cross selling especially versus yen and further weakness to 1.2670/80 cannot be ruled out, loss of downward momentum should keep price well above 1.2600 and yield a corrective rebound later.  
Above 1.2840/50 would signal a temporary low has been formed and bring retracement to 1.2930 but 1.3028 (previous support, now resistance) should cap upside.