Despite euro's brief but strong rebound to 1.3627, subsequent selloff signals medium-term downtrend from last year's high of 1.5145 has resumed and below 1.3443 would confirm and yield further weakness to 1.3398/05, however, loss of downward momentum would limit downside to 1.3340/47 and yield correction later.  
  
On the upside, only a breach of 1.3548 (Asian high) would signal a low is made and bring further choppy consolidation above 1.3443 and may yield retrace. to 1.3600 before down.