Although the single currency extended the upmove from last week's low of 1.3267 to 1.3538, as this move is viewed as a minor retracement of recent decline and loss of upward momentum should prevent strong gain today, recokn 1.3570 resistance should cap upside and yield a strong retreat later.  
  
On the downside, a breach of yesterday's New York support at 1.3435 would confirm a temporary top has been made and yield weakness to 1.3370.