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Goldman Sachs maintains a bearish bias on EUR/USD into year-end.
- “We expect dangers are in all probability nonetheless skewed to the draw back. We expect that the Euro space is at the moment in recession, and that ought to begin to be even clearer in financial information over the subsequent month or so,” GS notes.
- Extra importantly, the beginning of winter might carry additional market volatility, and a colder-than-average season would tip the area into a good deeper downturn,” GS provides.
I assume if you’re seeking to promote a rally Mr. Market has introduced a chance to take action as we speak.