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Forex: EUR/USD rises further to 1.4137

Wed, Jul 1 2009, 13:12 GMT
http://www.fxstreet.com

FXstreet.com (Córdoba) – The Dollar is falling across the board after a weak employment report. EUR/USD is rising further and reached a fresh intra-day high 1.4137. The pair is now up 0.67% form the opening price. The pair has a resistance zone at 1.4150 (June 30 high) and then at 1.4170 (June 11 high).

Against the Pound, the Euro is stronger today. EUR/GBP is holding above 0.8550. The pair rose after the report but is still a few pips below intra-day high at 0.8574. EUR/JPY broke above 136.00 during the Asian session and rose to 136.66 reaching the highest price since June 15.


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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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Any opinions, news, research, analyses, prices or other information contained on this website, by FXstreet.com, its employees, partners or contributors, is provided as general market commentary and does not constitute investment advice. FXstreet.com will not accept liability for any loss or damage, including without limitation to, any loss of profit, which may arise directly or indirectly from use of or reliance on such information.

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