After a quiet day, the Euro rallied during today's Asian session and reached record highs against the greenback in the 1.4970 area, 30 points below the psychological resistance formed by 1.5. Support starts at 1.4910 backed by 1.4875 and 1.4825. Resistance starts at 1.4950 followed by 1.4970 and 1.5000. While the daily sentiment is bullish, the hourly studies are slightly bearish due to the Euro retracement which followed the rally to 1.4970. If the Euro confirms the support in the 1.49 area then it will re-test 1.4970 and it may reach 1.5 during the upcoming trading sessions. On the other side, a break of 1.4910 would encourage further retracement towards the mid 1.48 area. Current quote is 1.4918 @07:15 GMT