Despite yesterday's selloff to 1.4807 in part due to cross selling in euro, subsequent strong rebound from there suggests the erratic decline from 1.5049 has formed a temporary low and consolidation with mild upside bias is seen for gain to 1.4930/40 and possibly 1.4970 but pivotal resistance at 1.5017 should hold.  
  
Below 1.4850/60 would bring another fall to aforesaid support at 1.4807 but break is needed to extend weakness to 1.4760/70.