EUR/USD - 1.4562 Daily Market Outlook - Dec 15

By @ibtimes on

Euro has fallen after meeting renewed selling at 1.4686 yesterday and present selloff below 1.4586 confirms the decline from this year's top of 1.5145 to retrace medium term uptrend has resumed and further weakness towards key daily support at 1.4480 would be seen, however, oversold condition should prevent steep fall from there and yield rebound later.   
  
On the upside, a breach of 1.4630/35 would signal a low is indeed made and may bring gain to 1.4686 resistance.

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