EUR/USD: Neutral: Recovery to extend to 1.0825/30. While EUR closed on a slightly weak note, the undertone is still positive and as long 1.0670 is not taken out, we continue to expect another leg higher towards 1.0825/30. This level is the year-to-date high and is a solid resistance and is not expected to yield so easily (next resistance is at 1.0870/75). AUD/USD: Neutral: Bullish only if above 0.7740. The undertone for this pair is still positive but as indicated in recent updates, AUD has to move clearly above 0.7740 to indicate that is has moved into a bullish phase. This appears to be a likely scenario unless ... (full story)