EUR/USD: Neutral: Diminished odds for extension to 1.0450/55. The downward pressure mentioned in recent updates is waning rapidly and the odds for an extension to 1.0450/55 have diminished. That said, only a move back above 1.0620 would indicate that the immediate downward pressure has eased. All in, EUR has to move and stay below 1.0540 by end of today or it is likely that it has moved into a 1.0530/1.0680 consolidation range (that could last for a while). GBP/USD: Neutral: Immediate upward pressure but has to clear 1.2610/15 to turn bullish. The sharp rise and strong daily closing yesterday came as a surprise.While ... (full story)