The single currency briefly penetrated Monday's low of 1.3852 in European morning today, suggesting medium-term downtrend from 1.5145 has once again resumed and marginal weakness to 1.3815 cannot be ruled out, however, loss of downward momentum should prevent steep decline from there and bring a much-needed minor correction later.  
  
On the upside, only a breach of 1.3947/50 would signal a temporary low is made and yield another correction towards resistance at 1.4027.