The single currency rallied to as high as 1.4750 after the UK's The Independent newspaper reported Gulf Arab States were in secret talks with Russia, China, Japan n France to replace the U.S. dollar with a basket of currencies in the trading of oils, suggesting the correction from this year's high of 1.4845 has indeed ended at 1.4480 last week and consolidation with upside bias would be seen for further gain to 1.4800/03, however, break needed to confirm medium-term uptrend has resumed for re-test of said resistance.  
  
On the downside, only a breach of 1.4646 (Australian low) would prolong choppy trading inside the broad range of 1.4480-1.4845, however, 1.4567 should contain weakness today.