From Goldman Sachs ‘The Charts That Matter” note (from late last week for this coming week – i.e. this from before the NFP data. Just noting also, GS have been spot on with their bearish EUR/USD call over the past weeks and months in this report – kudos where it is due).
GS techs say in the text to the right of the chart:
- “Put simply, any bounce/squeeze from this point should be viewed as an opportunity to reestablish bearish exposure”
- Also include levels they view as important
