Goldman Sachs on EUR/USD and the levels to watch

Technical Analysis

Author: Eamonn Sheridan | goldman-sachs

This is just a quickie from GS on the euro, a technical analysis view - Elliot Wave

I haven't got the chart, just a small summary:
  • The next level to watch is 1.1735-1.1709; three separate levels.
  • Breaking below will allow room to extend a little further down to 1.1574 (ext. target for wave v).
  • These are levels to watch for the start of a corrective process. Likelihood of a base increases above 1.1823
The note is from the weekend, and you'll notice the first level they nominated (1.1735) was breached but the lower bound (1.1709) was not 

Comments welcome, of course!

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