EUR/USD: Neutral: In a range, likely between 1.0420 and 1.0620. EUR tried but failed to move clearly above the 1.0620 resistance last Friday (high of 1.0621). The subsequent rapid drop from the high suggests that EUR is not ready to break out of its current 1.0420/1.0620 consolidation range. That said, the near-term bias is tilted to the upside but 1.0620 is expected to continue to offer solid resistance in the coming days (followed closely by the major resistance zone near 1.0650/70). GBP/USD: Neutral: In a 1.2220/1.2450 range. The top end of our expected sideway consolidation range of 1.2220/1.2450 remains intact ... (full story)