The single currency extended last week's decline from 1.3692 to 1.3397 before rebounding but as long as 1.3523 resistance holds, aforesaid fall may bring one more drop to 1.3360/70, however, as broad outlook remains consolidative, price should hold well above recent 10-month low of 1.3267 and yield another rebound later.    On the upside, a daily close above 1.3523 would signal pullback is over and bring another leg of corrective upmove from 1.3267 to 1.3697 later.