The single currency has rebounded after extending recent decline to a fresh one-year's low of 1.2737 on concerns of Greek contagion effects, suggesting a temporary low has possibly been made there and consolidation with mild upside bias would be seen in anticipation of short-covering, above 1.2857 would confirm and bring a minor retracement to 1.2905/15 before down.    On the downside, below 1.2737 would bring one more fall to 1.2700, however, as recent decline is over-extended, reckon 1.2650/60 should hold from here and bring a much-needed minor correction later.