While corrective recovery may have been triggered, as long as the 1.3835 level remains as resistance our outlook on EUR remains lower. However, on an eventual push through that level, the 1.3936 level, its Sept 09'2011 high will be targeted followed by the 1.4095 level, representing its Sept 08'2011 low and possibly higher towards its falling trend line currently at 1.4323 level. On the downside, support lies at the 1.3491 level, its Sept 12'2011 low. A convincing violation of here will call for further declines towards the 1.3422 level, its Feb'2011 low and then the 1.3300 level, its psych level. Its daily RSI is bearish and pointing lower suggesting further weakness.