The single currency nose-dived below last week's low of 1.3532 in reaction to the Fed's surprise after-market discount rate hike, suggesting medium-term decline from last year's high of 1.5145 has once again resumed and further weakness to 1.3398/05 would be seen, below would encourage for further weakness to 1.3303 next week.  
  
On the upside, only a breach of 1.3655 would violate recent series of lower highs and lower lows and indicate a temporary low is made, bring a minor retracement towards 1.3789 resistance.