EUR/USD: Neutral: Bullish if daily closing above 1.1095. The anticipated corrective rebound exceeded our expectation by easily moving above the strong 1.1040 resistance. Upward momentum continues to improve and the undertone for EUR is clearly positive. However, EUR has to break above the major 1.1095 resistance before a sustained rally in the coming weeks can be expected. Overall, the positive undertone would remain intact unless there is a move back below 1.0955 (1.1000 is already a strong short-term support). GBP/USD: Neutral: In a 1.2080/1.2350 range. [No change in view] The undertone for GBP has improved ... (full story)