Traders are talking about a research piece out of Goldman in which they point out that EUR/USD has rallied into year-end from mid-November 8 out of the last 9 years. The average rally has been worth 6.3%. That would put us toward 1.59, by my calculations.
Traders like a simple story and they are buying into it. You can bet that Goldman has beaten them to the punch, however. EUR/USD trades up at 1.4960.
