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.