Despite euro's brief rebound from 1.3142 to 1.3266 in European session yesterday, the single currency tumbled to a marginal low of 1.3114 in New York and then recovered most of the losses after the FOMC rate decision, suggesting medium-term decline from 1.5145 has indeed formed a temporary low there and few days of consolidation with upside bias would be seen for a re-test of 1.3266 resistance, above would bring stronger retracement to 1.3335/41 before prospect of another decline later.     On the downside, a daily close below 1.3160 would signal downtrend has once again resumed for re-test of said support and then 1.3089/90, however, loss of downward momentum should keep price above 1.3050/53.     email:angus@acetrader.com