Goldman: bearish on EUR/USD
Analysts at Goldman Sachs point out that EUR/USD is in the classic downtrend. See the picture:
The specialists also analyze the trend of EUR-linked assets (equally weighted basket of Germany vs. US 10-/5-/2-year spreads and Germany vs. France-/Italy/-Spain-10-year spreads):
Finally, Goldman combbines 2 charts together noting that euro has already moved significantly lower and it would be good to see the EUR/USD-linked asset spread catch up with EUR/USD spot to reduce the risks of the pair squeezing up and imply that the downtrend should continue to extend.
Source: “The Charts That Matter” by Goldman Sachs