EUR/USD: Neutral: In a 1.0580/1.0750 range. As noted yesterday, the short-term bias is tilted to the downside and a move below the expected 1.0580/1.0750 consolidation range would not be surprising. That said, based on the current momentum, any decline is expected to struggle to move below last week’s low at 1.0520. Only a ‘clear and clean’ break below 1.0520 would indicate that a move towards 1.0400 has started. Resistance is at 1.0640 but the key level to monitor for the next several days is at 1.0670 (stabilization only above this level). GBP/USD: Neutral: Early and tentative signs of a break lower. As highlighted ... (full story)