EUR/USD: Neutral: Strong rebound to extend to 1.0680. While we still hold the view that the strong rebound from last Friday 1.0499 low has room to extend higher towards 1.0680, the muted trading over the last couple of days has dented the immediate upward pressure. Unless EUR can move and stay above 1.0610 by end of today, it is more likely that this pair has moved into a consolidation phase. Key support is still at 1.0520. GBP/USD: Bearish: Room for extension to 1.2150 followed by 1.2100. The 1.2200 target that was first indicated last Thursday was finally reached yesterday with overnight low of 1.2170. While most ... (full story)