EUR/USD: Neutral: In a 1.0550/1.0750 range. The short-term downward pressure has eased as EUR rebounded strongly and the major 1.0550 support was unthreatened. The bias is tilted to the upside from here but any up-move is unlikely to have enough momentum to move beyond the major 1.0750 resistance. In other words, the neutral phase that started on Monday (28/11) is still intact and we continue to expect trading to be confined to a 1.0550/1.0750 range for now. GBP/USD: Shift from neutral to bullish: Expect 1.2770 to offer major resistance. The sudden break above the recent 1.2300/1.2600 consolidation range resulted in ... (full story)