Despite euro's intra-day rally to a fresh 15-month high of 1.5145, subsequent selloff suggests recent uptrend has possibly formed a temporary top there and consolidation with downside bias would be seen for weakness to 1.5039, however, break is needed to bring stronger retracement to 1.4980.  
  
On the upside, a breach of 1.5145 would extend gain to 1.5188/90, however, loss of upward momentum should cap price at 1.5223 and yield strong correction.