The Euro continued to strengthen on yesterday and today's Asian session, re-testing the resistance set two days ago at 1.4730. Support ins now formed at 1.4705 backed by 1.4670, 1.4645 and 1.4625. Resistance starts at 1.4730 followed by 1.4750 and 1.4800. Daily sentiment is bullish while the hourly is neutral to bullish at the time of this writing. If the Euro holds above the 1.4700 mark and the support at 1.4705 is strong enough to hold on a potential retracement, then the Euro may break the resistance at 1.4730 and advance higher towards the 1.48 zone. On the other side, a potential break of 1.4705 would bring yesterday's key levels on-focus and the retracement may aim towards the mid 1.46 area and below. While the upside is favored, we are looking forward for a confirmation of the first support levels then a resume of the upward move. Current quote is 1.4720 @07:10 GMT