Although euro's decline from last week's top at 1.4339 has resumed and further weakness cannot be ruled out, this move is viewed as a retracement of recent upmove and near term loss of momentum should prevent steep fall and yield a rebound later.  
  
On the upside, above 1.3930/35 would signal temporary low is made and bring correction of aforesaid selloff towards 1.4004 and 1.4030/40 before prospect of a retreat.