The Euro continued the retracement on yesterday but it found support in the 1.4530 area and reversed, resuming the uptrend on today's Asian session, getting past the 1.4600 point at the time of this writing. Support is now formed at 1.4600 backed by 1.4560 and 1.4530. Resistance starts at 1.4620 followed by 1.4655 and 1.4700. Daily momentum is still bullish although the Euro retraced on the previous two days and it will remain so while it recovers, holding above the 1.4560 support level. Hourly sentiment is bullish as well. The Euro may aim towards the higher half of the 1.46 area while 1.4600 holds. On the other side, a break below 1.4600 and 1.4560 would extend the retracement on a mid-term basis, probably aiming towards the 1.43 area. Upside is still favored while keeping an eye on the 1.4600 and 1.4560 marks. Current quote is 1.4612 @07:18 GMT