As euro has fallen in line with the greenback's rise across the board, suggesting a temporary top has indeed been formed last week at 1.4768 and consolidation with downside bias is seen for retracement of recent upmove towards 1.4580/90, however, anticipated oversold condition has increased risk of a rebound later.  
On the upside, only a breach of 1.4737 would indicate correction is over and yield possible re-test of aforesaid top at 1.4768.