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Forex: EUR/USD bounces to pre-data levels

FXstreet.com (Córdoba) - An unexpected rise in Apr US retail sales took the greenback to fresh daily highs versus the euro, but following the instinctive reaction, the US dollar lost momentum, giving way to risk appetite.

EUR/USD saw a quick dip toward the 1.2940 area, but quickly bounced to pre data levels. At time of writing, the pair is trading at the 1.2975/80 area, where it is virtually unchanged since opening.

In terms of technical levels, resistances for EUR/USD line up at 1.2995 (daily high) and 1.3050 (high May 10), while supports are seen at 1.2940 (daily low), 1.2934 (low May 10) and 1.2900 (psychological level).

Forex: NZD/USD returns to opening levels at 0.8281/83

The NZD/USD has see-sawed back and forth going into the American session Monday, with scant trickles of economic data to trade on. Investors do not seem to be abstaining from the pair, as the cross has spanned a total of 57 pips today (0.8262 – 0.8319). Following the US data release, the pair has returned to opening levels to settle at 0.8281/83 in these moments.
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