The single currency found renewed buying interest at 1.4515 yesterday and rose to a fresh year's high of 1.4654 before retreating, however, loss of upward momentum is likely to prevent strong gain today and major daily res at 1.4720 is expected to remain intact and yield another corrective decline later.  
  
On the downside, below 1.4515 support would bring stronger correction towards 1.4448 (previous resistance, now support), however, renewed buying should emerge above 1.4400 and yield resumption of upmove.