Around 1.4085. Target 1.5000. Stop on a close below 1.3500.
Well I know how much you lot like a bank recommendation 
Reasoning apparently is weak US capital flows and continued euro zone progress with fiscal issues.
9 Responses to “Goldman Sachs goes long EUR/USD”
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AUTOREFRESH 
Gerry,we love,those rec,taken anotherspoon of slippery-elm
Did they not do the same back in mid January?
well this is pure speculation. 1.50… I don’t belive it
Whoever placed that trade is not going to be popular when the Euro goes into reverse thrust. As soon as Japan cools off the market will focus back on Euro debt problems. Well thats my opinion anyway.
They’re just trying to get out of their longs before the weekend Rogue
Hi gerry – whats your take on this? 1.5000 a bit optimistic or have they enlisted a host of angels to take it up there without too much of a problem?
it’s just a bank recommendation, albeit a bank the market tends to take notice of. yes 4candles I think it is a bit optimistic.
All roads lead to Europe but 1.50 in the near term? Hm… I can see EURUSD touching 1.45 but not 1.50 right now…
does the market ever retrace when the “mighty” freakin Goldman Sachs announces their entry?