The single currency rose marginally to a fresh year's high of 1.4614 yesterday, however, loss of upward momentum is likely to prevent strong gain above projected upside level of 1.4647 today and bring a much-needed correction later today.  
  
On the downside, below 1.4502 would signal recent upmove has formed a temp. top there and may bring correction towards 1.4448 (previous resistance, now support).