EUR/USD: Neutral: In a 1.1120/1.1290 range. As highlighted yesterday, despite the improvement in shortterm outlook, it is premature to expect a sustained up-move in EUR. The rapid decline from the Monday’s high of 1.1278 reinforces our current neutral view and we continue to expect sideway trading from here, likely within a 1.1120/1.1290 range. GBP/USD: Bearish: Extension likely limited to 1.2865. GBP closed on a strong note yesterday and while the outlook is still deemed as bearish, the odds for the current bearish phase to extend further to 1.2865 have diminished considerably. Unless this pair can move and stay ... (full story)