Goldman Sachson the euro:
- We have held our 12m EUR/USD forecast at 1.20 for now, while acknowledging a wide range of possible outcomes over
- the coming year (we also left our 10y Bund yield forecast unchanged for similar reasons)
- "While we see an eventual rebound to 1.20 as the appropriate central-case forecast at this time, we are marking-to-market our shorter-horizon EUR/USD forecasts in light of ongoing risks to growth (moving the 3m and 6m targets to 1.10 and 1.13, respectively, from 1.16 and 1.18 previously)
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Weekly candles EUR/USD. I can't help but wonder, GS are lowering their forecasts ... now?
