The single currency extended last week's decline to a 7-month of 1.3852 in Asia before recovering, suggesting choppy sideways trading would be seen, however, upside would be limited and res at 1.3988 is expected to remain intact and bring resumption of decline for one more fall to 1.3800/01, however, loss of momentum would keep price well above 1.3748 (previous resistance).  
  
On the upside, only a breach of 1.3988 would signal a temporary low is made and bring a minor correction of recent fall to 1.4053...