The Euro rallied on yesterday, breaking the resistance at 1.4700 and setting the daily high at 1.4730. It retraced afterwards and found minor support at 1.4625. Support backs 1.4625 at 1.4610, 1.4580 and 1.4555. Resistance starts at 1.4670 followed by 1.4705 and 1.4730. Daily sentiment is bullish and doesn't look like it may change too soon. Hourly studies are bearish and a close near the 1.4670 mark is needed to confirm an intra-day reversal. If the Euro confirms the support at 1.4625, then 1.4700 will probably be tested again today. Else, an extended retracement would target the mid 1.45 area. Current quote is 1.4645 @07:15 GMT