eur / usd could reach 1.1012 but should not be much lower, before rebounding to de 1.1521 according to goldman sachs.
” eur / usd has already spent about 23.6% of the increase from april to 1.1116. the decline could be 1.1012 but should not be too low. up to now, this event seems to be a correction plate and shallow, which means that we may be in the range of 1.13%. over a period of time. in the end, in a split boom and a continuation of the upward trend in the underlying.
the minimum target for wave v / 3 on the basis of the current level of about 1.1521 event. the pair would gain confidence in the continuation of the rally above 1.13 (top of range).
it should be noted that the daily oscillators are back to levels similar to those that we had earlier in the month of may. this indicates a potential reduction in the short term.
in our view, consolidation of 1.11 and 1.13. in the end, we look forward to a break to 1.1521 upward. eur / usd should not fall below 1.1012.»
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