Euro's decline from this week's top at 1.5905 to retrace recent uptrend has resumed and further weakness towards 1.5500/10 cannot be ruled out but oversold readings on hourly oscillators should limit downside and bring a rebound later.  
On the upside, above 1.5600/10 would yield gain to 1.5650 but break there is needed to signal low is made and extend to 1.5670/80.