As euro's recent decline from last month's 2009 high at 1.5145 has resumed, downside bias is seen for correction of medium-term uptrend towards support at 1.4626, below would bring further subsequent weakness to 1.4550/60 but loss of downward momentum has increased risk of a rebound later.  
Above 1.4780/85 (previous resistance) would signal a temporary low has been formed instead and risk gain to 1.4820/30.