Forex: EUR/USD rises above 1.4080 to 1.4100
Mon, Jun 29 2009, 17:32 GMT
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FXstreet.com (Córdoba) – After testing several times during the day the zone of 1.4080 the Euro finally broke above. EUR/USD rose to 1.4099 hitting a fresh intra-day high. The pair is 0.20% above today’s opening price. The next resistance is located at 1.4115.
USD/JPY broke above 96.00 rising to 96.15 hitting a fresh intra-day high. The next resistance lies at 96.55 (June 24 highs). So far today the pair has risen a hundred pips, achieving most of the gains during the American session.

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Trading foreign exchange on margin carries a high level of risk and may not be suitable for all investors. The high degree of leverage can work against you as well as for you. Before deciding to trade foreign exchange you should carefully consider your investment objectives, level of experience and risk appetite. The possibility exists that you could sustain a loss of some or all of your initial investment and therefore you should not invest money that you cannot afford to lose. You should be aware of all the risks associated with foreign exchange trading and seek advice from an independent financial advisor if you have any doubts.
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