The single currency rallied to 1.3471 after ECB cut interest rates by 25 basis points to a record low of 1.00% on Thursday and then retreated to 1.3342, suggesting a temporary top has possibly been made there and choppy consolidation would be seen, however, a breach of said support is needed to bring stronger retracement of recent upmove to 1.3277/80.   
  
On the upside, a breach of said resistance would signal recent upmove has once again resumed and would extend gain to 1.3565/70.