As the single currency penetrated 1.4218 (December 2009 low), suggesting decline from last year's high of 1.5145 to retrace medium-term upmove has resumed and further weakness to 1.4069 and possibly towards 1.4015 would be seen, however, o/sold condition should prevent steep decline below the latter level and bring rebound later this month.  
  
On the upside, above 1.4306 would signal a temporary low is made and bring rebound to 1.4415, however, daily resistance at 1.4580 is expected to remain intact.