Yesterday's rally to 1.3840 on hope of a potential EU support package for Greece signals recent downtrend has indeed formed a temporary low at 1.3585 last Friday and choppy consolidation with upside bias would be seen, however, breach of said level is needed to bring stronger retracement to 1.3898.  
  
On the downside, only below 1.3692 would indicate correction has ended and bring weakness to 1.3641/43 support area, however, break is needed to confirm downtrend has once again resumed for re-test of said low.