EUR/USD: Bearish, immediate target at 1.0905/10 with decent odd of extending to 1.0820. The daily closing below 1.0995 indicates that EUR has started on a move lower to 1.0905/10 (low on the day of Brexit) with decent odds of extending further to 1.0820 (low in early March). The bearish phase just started and in order to maintain the current momentum, any short-term rebound should not move back above 1.1040. GBP/USD: Neutral: In a 1.2960/1.3320 range. The choppy trading over the last several trading days has resulted in a mixed outlook for GBP. We continue to hold a neutral view and expect this pair to trade in a ... (full story)