EUR/USD: Neutral: Back in range; likely within 1.0520/1.0720. The ease of which the strong 1.0615 support was taken out came as a surprise (overnight low of 1.0597). The recent build-up in upward momentum has fizzled out and EUR is deemed to have moved back into a range, likely between 1.0520 and 1.0720. GBP/USD: Neutral: In a 1.2100/1.2300 range. We shifted from a bearish to neutral stance yesterday and there is no change to the view. However, the sharp drop to a low of 1.2110 during London hours came as a surprise even though this level is still within our expected consolidation range of 1.2100/1.2300. Shorterterm ... (full story)