The single currency rallied to a fresh year's high of 1.4635 yesterday and then retreated, suggesting recent upmove has possibly formed a temporary top there and consolidation with downside bias would be seen for a minor correction towards 1.4500, however, as long as 1.4448 (previous daily res, now support) holds, bullishness remains and one more rise to 1.4645/47 would be seen.  
  
Above 1.4645/47 would encourage for further headway towards major daily resistance at 1.4720 later this month.