EUR/USD: Bullish: To take partial profit at current level. The weak closing last Friday indicates that the odds for a move to 1.1430 have diminished. Those who are long should look to book partial profit around current levels. A move below 1.1240 would indicate that a short-term top is in place (and the start of deeper pull-back to 1.1190). GBP/USD: Neutral: Short-term top in place, weakness could extend lower to 1.2980. GBP dropped sharply after making a ‘fresh high’ of 1.3186 last Friday. While the outlook for this pair is still viewed as neutral, the weak daily closing indicates that a short-term top is in place ... (full story)