The single currency has fallen after meeting renewed selling at 1.4991 yesterday, suggesting further choppy consolidation below this year's top at 1.5064 would continue and weakness to 1.4807 is likely, however, break is needed to bring stronger retracement of recent upmove to 1.4750/60.   
  
On the upside, only a breach of 1.4928/36 would prolong choppy trading and bring another rebound to 1.4991, however, 1.5049/64 resitance area is expected to remain intact.