Looks like there remains an overhang of EUR/USD sellers as prices rallied into the high-1.4830s and quickly eased back toward the 1.4800 area. Sellers have not been as panicked today given the relative performance of the equity and commodity markets today. Should we return to the usual strong dollar=lower equities and commodities correlation, than EUR/USD sellers might start to chase the EUR lower rather than be content to sell into the rebounds. EUR/USD changes hands now at 1.4808.