• It has taken two months for EUR/USD to add 59 pips to its 2025 high

• Bullish bets have grown from $9.3bln to $13.3 billion

• EUR/USD rise faltered just above peak 20-day Bollingers (now 1.1583)

• Pair has dropped to 1.1447 following this overbought situation

• The correction target for recent 1.1065-1.1632 gain is 1.1415

• USD/JPY is on the cusp of a short squeeze

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(Jeremy Boulton is a Reuters market analyst. The views expressed are his own)