Comments on EUR/USD from Goldman Sachs:

  • They note that EUR/USD daily oscillators are midway through their range now and giving very little in terms of signal.
  • Thinks that everything since the March low looks as it's part of a broader corrective process with the downtrend from July is up at 1.1236, the pair has also broken lower from the wedge pattern and satisfied (even exceeded) the wedge target at 1.1046.
  • "Put simply, it's difficult to have a strong view here given how messy recent price action has been. Would look for a break in either direction of those pivots to signal the next short-term move"

via eFX