EUR

Chinese Data Feeds Risk Appetites

EUR/USD and EUR/JPY are consolidating gains as risk appetites get a boost from the leaked Chinese data (exports rose 50% last month). Copper is rising and gold is falling, a clear sign that jitters are settling down from very elevated levels. Copper is up about 3.5% in the last 18 hours while gold sits in the $1233/1235 area after stalling near $1250 again.
EUR/USD offers are seen in the 1.2035 area near-term with resistance in the 1.2045/55 area. 1.2110 is further resistance. Stops sit at 1.2130 if we accelerate to the topside.
EUR/JPY stops are eyed above 110.50, traders report, amid rally-selling in that pair.

if euro breake 1.1980 it will go up to1.2050-1.2080. and if it breakes 1.2080 also1.2150 only.

but more chancess to come down to 1.1790 to day itself....will cee god bless all

To me the DXY tells me maybe a little bit of a further correction, nothing substantial, before a move up to the 90 level.

I feel that a lot of stops will triggered. The dollar index say it all. it will be heading to 86 soon

I do still opt for 1.22 to short EUR. I believe as about 40% of DAX stocks are owned by US funds
they have to find a way to get rid of it but not at any price so the index must raise and EUR as well to make up a nice bull trap.