EUR/USD: Bullish: Strong rally has scope to extend to 1.1200. The shift to a bullish stance yesterday was timely as EUR continues to accelerate higher. As indicated, the strong rally has scope to extend further 1.1200. A break above this level would shift the focus to 1.1300. GBP/USD: Neutral: Immediate upward pressure towards 1.3030. GBP closed on positive note yesterday but it is not enough to shift the current neutral phase to bullish. That said, the undertone has improved considerably and from here, the immediate pressure is on the upside even though 1.3030 is expected to offer solid resistance. Overall, this ... (full story)