EUR/USD is eying support in the 1.4615 level, a modest support line drawn from the 1.4584 lows set on Friday. 1.4670/80 provided resistance on rebounds earlier today and more lies at 1.4700, the downtrend drawn off the recent 1.5141 highs. 1.4500/15 remains our downside target zone. That level also coincides with the 23.6% retracement of the rally from 1.2450 starting in early March.
