The Euro surged higher versus the greenback on yesterday and it established a new record high at 1.4855. Intra-day support starts at 1.4820 and it is backed by 1.4780 and 1.4750. Resistance emerges at 1.4855 followed by the psychological barier of 1.4900. Daily sentiment remains bullish as the Euro strengthened and exited the multi-day range by breaking 1.4755. Hourly momentum is slightly bearish at the time of this writing. The Euro rally may resume and the currency may advance higher, re-testing 1.4855, if 1.4780 and 1.4750 will remain intact. It is quite obvious that short positions are like russian roulette nowadays and there are no clues pointing towards the lower areas. Potential pullbacks should only provide good buying levels. Current quote is 1.4832 @07:08 GMT