The single currency rebounded strongly from yesterday's low of 1.3282 on active short-covering, suggesting a retracement of decline from 1.3592 has taken place and further gain to 1.3460/70 is likely, however, as broad outlook remains consolidative, reckon 1.3528/39 resistance area should cap upside and yield selloff later.  
  
On the downside, below 1.3341 would signal recovery is over instead and yield choppy sideways trading, however, 1.3267/82 support area is expected to remain intact.