Although the single currency has retreated from yesterday's high of 1.4350 to 1.4235 in Asian morning and further choppy consolidation inside the established range of 1.4177-1.4407 would be seen and as long as 1.4177 support holds, another rise is still likely, however, breach of 1.4407 needed to confirm recent uptrend has once again resumed and yield re-test of this year's high of 1.4448 n then 1.4510/20.   
  
On the downside, a breach of 1.4177 would bring stronger pullback to 1.4120, however, major support at 1.4045 is expected to remain intact...