EUR/USD: Neutral: A test of the month-to-date high of 1.0985 will not be surprising but a sustained up-move is unlikely. We shifted to a neutral stance yesterday but expect the short-term EUR/USD strength to carry it higher to test the monthto-date high of 1.0985. At this stage, a move above this level appears unlikely. That said, EUR/USD is expected to remain underpinned in the next few days with solid support at 1.0860 followed by 1.0815. Based on the current momentum outlook, even a break above 1.0985 is not expected to lead to a rapid run-up in EUR/USD. The next significant resistance is at December’s high of ... (full story)