Via eFX is this brief piece from Goldman Sachs on EUR/USD technical analysis
They say:
"A complete correction should retrace within wave 4 territory and near
38.2% of the preceding trend. In this case the high at 1.1713 is near
enough to 38.2% at 1.18 and actually exceeds the 4 th wave
(1.1533-1.1099). Moreover, an ABC extension from the March low targets
1.1818 (again, near enough?)," GS argues.
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