Is Euro Losing Momentum?

Hi guys! Just got back from my short two-day vacation, feeling rejuvenated and revitalized!! Ok, now on to the real business!!

Last week, the euro rallied and broke out the 1.3685 resistance, while the dollar continued to suffer and get slaughtered..At the closing of the NY session, euro stepped back to below 1.38 area after reaching all-time high at 1.3813. But I'm hoping for the dollar to stage an impressive comeback, albeit consolidation only as traders are ready and hell-bent to test euro level of 1.40 for the weeks or months to come.
This week will be an interesting week however, and the single most important event of the week being Mr Bernanke's testimoy before the Congress and the Senate. If anything that could stop the dollar's trainwreck, it is the hawkish statement from Bernanke' mouth. Hehe...my 'English pasar'..

Monday's Pivot Points:
R3 = 1.3861
R2 = 1.3837
R1 = 1.3809
PP = 1.3785
S1 = 1.3757
S2 = 1.3733
S3 = 1.3705

Monday's Calendar:
1- US Empire State Business Conditions Index 8.30 pm

Monday's Strategy:
1- Asian high low breakout. (will discuss about this setup later).
2- Waiting for a nice sell signal from the hourly Cornflower setup. (refer to Friday's chart, I think it is still valid!)
3- Buy on dips, 1.3750 and 1.3730 provide as good supports.
4- Sell on peaks, 1.3795, 1.3815 provide as good resistances.