EUR/USD: Bearish: Next key level at 1.1140/45. [No change in view]. Momentum indicators continue to deteriorate and the prospect for the current bearish phase to extend lower to the next key level at 1.1140/45 is not high. Unless there is a clear break below 1.1180 within these couple of days, a move back above 1.1295 is enough to indicate that a short-term low is in place. GBP/USD: Shift from bullish to neutral: Bearish only if below 1.4400. GBP rallied strongly last week to touch a high of 1.4663 but the up-move was quickly reversed. The break back below 1.4485 suggests that a short-term top is in place. While the ... (full story)