EUR/USD: Change to Bearish: Downside potential likely limited to 1.1145. We have held a neutral EUR view for close to 4 weeks and the break below the key 1.1325/30 support yesterday indicates that the neutral phase has ended. While further EUR weakness is expected from here, the downside potential appears to be limited to 1.1145. Resistance is 1.1350 but only a move above 1.1395 would indicate that our bearish expectation is wrong. GBP/USD: Neutral: Diminished odds for extension higher. The pull-back from the 1.4348 high 2 days ago has been more rapid than expected and the odds for our expectation for a stronger ... (full story)