Currency Analyst since 2010

Goldman Sachs on EUR/USD

Analysts at Goldman Sachs warn that EUR/USD may not rise above $1.2959 (38.2% Fibonacci of the decline from July 1). In their view, the pair’s now in the 4th corrective wave of the decline since May high, and the 5th impulsive descending wave is soon to come.

The specialists target $1.20 in the longer term and recommend stops not far above $1.2959.


Scroll to top