The single currency rose sharply to 1.2946 yesterday on active cross buying in euro due to SNB's intervention (eur/chf rallied from 1.4753 to 1.5339), suggesting erratic upmove from 1.2457 to retrace recent decline has resumed and bring further gain to 1.2992 resistance, however, a daily close above this level is needed extend to 1.3073.  
On the downside, only a beach of 1.2731 would signal a top is made and yield retrace. to 1.2610.