Goldman Sachs Index of USD EURUSD

Goldman Sachs Index of USD, EUR / USD

It should be noted that the purpose of long-term triangle at 102.50 still not been satisfied. Thus, although the correction is clearly going on, there is still reason to believe that the upward trend has remained largely unchanged …

Next resistance is 1.0839-1.0874. This includes the 61.8% retracement and a minimum of 1,618 on April 13. The final pullback level above there 76.4% to 1.0914. Wave came back to 1.1036 (maximum of 6 April), the ideal is to remain below 1.0914 to confirm the move.

GS believes that the final medium-term challenges are still around 1.0286-1.0103.

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