EUR/USD: Goldman Sachs is upbeat regarding the pair, reveals its targets and cancellation thresholds

In an analysis published today, Goldman Sachs bank is interested in the short-term technical context of the EUR/USD, and currently has a positive opinion of the currency pair.

The bank emphasises that if the pair manages to stay above 1.1321, we can consider that there is a good chance that the euro-dollar will resume its upward trend, and head towards 1.1575/87 at the very least.

On the downside, Goldman Sachs believes that a break below 1.13 would increase probabilities of a continued downturn, and weaken the above-described bullish scenario.

Last but not least, the EUR/USD is currently trading at 1.1333, after a dip at 1.1304 earlier this Tuesday.