Credit worries are still linger, and eyes this year will focus on the development and action of the respective government for many Eurostates including Spain, Portugal, Sweden and in particular Greece.
Pair currently trades in relatively up-trending direction, based on less demand for Dollar and higher demand for riskier currency pairs. The series of major company reports will be the next key signs on the recovery road for investors.
For primary resistance we take 1.4575 (one-month highs tested previous session), and for support should downside find momentum again, we look at 1.4500 as the key reversal return level.
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