Yesterday's trading was mixed and the Euro ranged between 1.4630 and 1.4680. Support is now formed by 1.4670 backed by 1.4640 and 1.4620. Resistance starts at 1.4690 followed by 1.4710, 1.4725 and 1.4755. Momentum is bullish on both hourly and daily studies and the Euro seem to be in the mood of climbing towards the resistance levels in the 1.47 area, first at 1.4710. We will keep an eye on the support at 1.4670 because while it holds, the mid 1.47 area has good chances of being reached. Current quote is 1.4705 @07:23 GMT