The single currency rebounded strongly from yesterday's low of 1.4526 to 1.4645 today, suggesting corrective decline from 1.4845 top has possibly formed a temporary low there and consolidation with upside bias remains for gain towards 1.4680, however, a daily close above 1.4725 is needed to confirm said retracement is over and yield further subsequent gain to 1.4725.  
  
Below 1.4557/65 may bring stronger correction of recent uptrend to 1.4480/90 but reckon downside would be limited to 1.4420/30.