The single currency rebounded after finding renewed buying at 1.4843, suggesting further choppy sideways trading inside near term established range of 1.4807-1.5049 would continue and only a breach of said upper level would confirm medium-term uptrend has resumed for re-test of 1.5064 and then 1.5100/10, however, loss of upward momentum should cap price at 1.5150/60.  
  
On the downside, below 1.4843 would bring weakness to 1.4807, however, break is needed to bring stronger retracement to 1.4739 and possibly 1.4703 but support at 1.4626.