Although the single currency has recovered after early selloff to a fresh 6-1/2 month low of 1.3912 and minor consolidation would be seen, as long as 1.4128 resistance holds, bearishness remains for recent downtrend from last year's high of 1.5145 to resume and extend marginal weakness below said level, however, loss of downward momentum should prevent steep fall from there and bring a much-needed correction later.  
  
On the upside, above 1.4128 would bring gain to 1.4153, however, break needed to violate recent series of lower highs and lower lows, bring stronger correction to 1.4096/06 resistance area.