Eur/Usd has recovered nicely off earlier low of 1.4614. It briefly traded above 1.4700, but seems to have run into some resistance. The 50% fibo is at 1.4727 and M/A at 1.4721. If these levels can hold look for the pair to start another downward trend, maybe back down to 1.4630 area and then the 1.4615. A break above finds more resistance at 1.4753.
