EUR/USD: Neutral: Immediate upward pressure towards 1.0770, possibly 1.0825. There is not much to add as we continue to expect the immediate EUR strength to extend higher towards 1.0770 (with much lower odds for further extension to 1.0825). Only a move back below 1.0635 would indicate that the immediate upward pressure has eased. GBP/USD: Bullish: Overbought but room for extension to 1.2950. We just shifted to a bullish stance yesterday and there is no change to the view. Despite being overbought, the current GBP rally appears to have scope to extend higher towards 1.2950. Only a move back below 1.2660 would ... (full story)