Euro has fallen sharply on broad-based buying in dollar and the intra-day breach of 1.5441 (Tuesday's low) indicates this week's decline from 1.5844 would extend towards daily chart support at 1.5365 after consolidation, however, oversold condition has increased risk of a rebound later today or tomorrow.  
On the upside, above 1.5490/00 would signal a temporary low has been formed and risk correction to 1.5550 but  
resistance at 1.5587 (yesterday's high) should hold.