EUR/USD: Bearish: Modest target of 1.0710. EUR/USD held below the 1.0920 resistance (high of 1.0876) and the down-move did not move below the 1.0777 support. Downward momentum is improving quickly and the current weakness is expected to extend lower. That said, the characteristic of the downward momentum is not impulsive and we have a modest target of 1.0710. Only a move back above 1.0840 would indicate that the immediate downward pressure has eased. GBP/USD: Neutral: Bearish phase has ended. In a corrective recovery now targeting 1.4450. The break of 1.4305 last Friday finally confirms that GBP/USD has made a ... (full story)