By: TrendRecognition.com
The Euro has entered into a small consolidation since its last week's top, but as long as the prices hold above the 1.4515 level, the hourly chart remains bullish and further gains are expected later today and tomorrow.
A move above 1.4600/05 will be a signal that the next leg higher towards 1.4800 and above is likely under way.
On the downside, only a move below indicated support negates this bullish view, risks pullback towards 1.4460 and 1.4400.