The single currency rebounded after yesterday's selloff to 1.3113, suggesting a minor retracement of the decline from 1.4739 is under way and gain to 1.3325/30 cannot be ruled out, however, reckon 1.3418 (previous support, now resistance) would cap upside and yield another selloff later.  
  
On the downside, below 1.2175 would signal recovery fm 1.3113 has ended there and yield resumption of fall to re-test said support.