Euro has risen after finding renewed buying interest at 1.2835 (Australia) and the erratic upmove from 1.2457 to retrace recent decline should extend to 1.2990/00 and then 1.3050, however, loss of momentum has increased for a retreat later.  
On the downside, a break below aforesaid support at 1.2835 would risk weakness to 1.2760/70 before prospect of a rebound.