Forex: EUR/USD rebounds at 1.4875 and falls to 1.4835

20 November 2009 @ 01:33 pm EDT

FXstreet.com (Córdoba) - The Dollar is consolidating gains against the Euro. EUR/USD recovery found resistance at 1.4875 and pulled back to 1.4835. Currently the pair trades at 1.4840/45, 0.57% below today's opening price. The pair is falling for the second day in a row and is heading toward a moderate weekly loss. Greenback's rally, at the moment, was not enough to break below the key support at 1.4800/10.

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