The Euro lost some ground versus the dollar on yesterday after it failed to establish support above the 1.47 mark and it declined towards the mid 1.46 area. Support is now formed by 1.4675 backed by 1.4650 and 1.4610. Resistance starts at 1.4715 followed by 1.4750 and 1.4800. Daily momentum is slightly bearish while the Euro holds into the range of 1.4650-1.4750, hourly studies being bullish at the time of this writing. The Euro recovered during today's Asian session and it seem to prepare for a test of the first resistance at 1.4715. If it manages to find support at 1.4700 then it may put some pressure on the 1.4750 resistance level. Else, a retracement would bring the support at 1.4650 on-focus. Current quote is 1.4701 @07:16 GMT