The single currency retreated after yesterday's brief bounce to 1.4546, suggesting further choppy consolidation below 1.4557 would continue and another retracement to 1.4453 and possibly 1.4428 cannot be ruled out, however, reckon 1.441.4370/80 would hold.  
  
On the upside, a breach of 1.4546/57 would indicate recent upmove from 1.4218 has resumed and yield further gain to 1.4591, however, loss of upward momentum should cap price at 1.4633/40.