EUR/USD: Shift from bullish to neutral: Pull-back has room to extend lower to 1.1300. We highlighted the rapid loss of momentum in recent updates and the break below 1.1400 was not exactly surprising. The recent high of 1.1614 is the extent of the bullish phase and the outlook has shifted to neutral from here. That said, the pull-back from the top appears to have scope to extend lower to 1.1300 but at this stage, a sustained move below this level is not expected. Overall, this pair is expected to remain under pressure unless it can reclaim 1.1495. GBP/USD: Neutral: Corrective pull-back has scope to extend lower to ... (full story)