EUR/USD trying 1.4840/50 support for a third time

12/11/2009 | 20:29 GMT

The first two tests of 1.4850 led to modest rebounds to the 1.4875 area. We are having our third go at support, and often the third-time is the charm. A break of 1.4840/50 will find another important area of support in the 1.4805/15 area just below.

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