The single currency rallied in European morning after yesterday's marginal weakness to a fresh 10-month low of 1.3267, suggesting consolidation with upside bias would be seen, however, breach of 1.3388 needed to confirm a minor retracement of recent downtrend has taken place and yield further gain to 1.3403 and 1.3433.  
  
On the downside, only a breach of 1.3267 would bring one more decline to 1.3240/45, however, loss of momentum would limit downside to 1.3200...