Euro's rebound from 1.2720 suggests the choppy trading inside the broad range of 1.2706-1.3095 would continue and gain towards 1.2998 cannot be ruled out, however, reckon upside would be capped well below resistance area at 1.3075/95 and yield retreat later.  
Below 1.2760/70 would bring another fall to aforesaid lower range at 1.2706 but break is needed to confirm the decline from December '08 high at 1.4720 has resumed.