• EUR/USD surged to 1.1385 EBS on Thursday

• The rally became very stretched resulting in pullback to 1.1246

• Top 20-day Bollingers is 1.1165, weekly 1.1096 and monthly 1.1251

• Pause signalled by retreat below peak monthly bands

• Dips may remain shallow - closes over 100-MMA 1.1200 bullish

• Pound ripe for a rebound vs euro

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EURUSD

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