The single currency fell sharply from yesterday's high of 1.4195 as anticipated, suggesting the correction from last week's 6-month low of 1.4029 has possibly ended there and consolidation with downside bias would be seen for further subsequent weakness and below said support would extend decline from 1.5145 to 1.4000 before recovery due to loss of momentum.  
  
On the upside, only a breach of 1.4180 would bring stronger retracement of recent decline to 1.4220.