Although the single currency rebounded briefly from 1.4565 to 1.4680, intra-day cable-led selloff suggests another leg of corrective decline from 1.4845 has possibly taken place and below said support would bring further weakness to 1.4511/15, however, reckon downside would be limited and bring a rebound later.  
  
On the upside, a breach of 1.4680 would bring stronger rebound to 1.4738/40, however, said top is expected to remain intact and yield further choppy trading.