1.4700 had provided pretty solid support since since late yesterday afternoon in New York but it is giving way this morning amid profit-taking. We’ve had bouts of EUR/USD weakness each morning this week but we always seem to end firmer, so I’m not yet ready to panic. Be aware that trendline support on the hourly charts comes in at 1.4666 at the moment and profit-taking could accelerate if breached. 1.4645 is further support on pullbacks.
