Euro’s sharp retreat from 102.80 (last week’s high) adds credence to our view that top is formed there and as the rebound from 99.65 has ended at 102.80, consolidation with downside bias remains for further weakness towards psychological support at 100.00, however, break of minor support at 99.80 (last week’s low) is needed to signal early decline from 103.85 has resumed for deeper correction of early rise to 99.63-65, then towards 99.20-30.