EUR/USD: Neutral: Bearish only if clearly below 1.0455/60. The high of 1.0669 yesterday came close to the major resistance indicated at 1.0670 in recent updates. However, the subsequent sharp and rapid drop from the high came as a surprise. From her, the immediate bias is clearly tilted to the downside but at this stage, we are not convinced that the overnight decline can be sustained. The 2015 low of 1.0455/60 is a major support and this level has to be clearly taken out before a sustained down-move can be expected. That said, EUR would likely stay under pressure in the next several days unless it can move and stay ... (full story)