Forex: EUR/USD rises above 1.4830 after testing 1.4800

20 November 2009 @ 08:54 am EDT

FXstreet.com (Córdoba) - EUR/USD fell to 1.4799 posting the lowest price in two weeks. From there the pair rebounded and rose above 1.4830 to 1.4840. Between 1.4840 and 1.4850 the Euro could face resistance on its way to recover further. If it breaks above the next resistance levels lie at 1.4480 and above here, 1.4935 (intra-day high). In case of breaking below 1.4805/00 area, next support levels could be 1.4785 (61.8% Fib retracement of the Nov 3-11 rally) and 1.4700 (Nov 4 low).

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