Despite yesterday's strong rebound from 1.3119 to 1.3236, subsequent sharp retreat to 1.3135 suggests volatile trading below Tue's 3-month high of 1.3262 would continue and only above said resistance would extend upmove from 1.1876 toward chart objective at 1.3343 before correction.  
  
On the downside, a firm break below 1.3119 signals a temporary top is made and yields retracement to 1.3057 but 1.2980 should hold.