Euro's selloff below 1.3418 last Friday confirms recent upmove has formed a top earlier this month at 1.3739 and downside bias is seen for correction to 1.3120/30 but loss of downward momentum should prevent steep fall below 1.3100 and risk has increased for a rebound to take place later.  
  
On the upside, above 1.3290/00 would risk gain to 1.3340/50 before prospect of another decline later.