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Forex: EUR/USD recovering ground, eyes on 1.3100

FXstreet.com (Barcelona) - The single currency keeps the recovery alive after dropping to sub 1.3040 levels, picking up pace and trading back to the current region of 1.0385/90.

“We are generally more neutral on the EUR for the near term, but recent price action suggests it should be fairly well supported on dips and we still look to ultimately buy a break above 1.3150”, commented the research team at TD Securities.

As of writing, the cross is down 0.10% at 1.3087 facing the next support at 1.3044 (low Apr.11) followed by 1.3006 (low Apr.9) and finally 1.2980 (MA10d).
On the upside, a surpass of 1.3138 (high Apr.11) would open the door to 1.3140 (MA55d) and then 1.3150 (MA100d).

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Forex: NZD/USD falls to session lows at 0.8558/62

The NZD/USD fell off the 0.8605 level during US trading Friday, plummeting nearly 40 pips below the 0.8600 level in recent moments. At the time of writing the pair has amplified its losses to trade at 0.85658/62, down -0.81%.
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