Goldman Sachs Spot Desk Strategies

 OVERVIEW => We maintain our moderate stance (currently around 1/3 of max), and hold on to our dollar length. We are still looking to be more flexible, and maintain our long USD position vs EUR and GBP.
{EU} EURUSD Lower => We maintain our conviction of EURUSD lower from here, with key technical levels: Resistance will now come in at high of 1.0950, while on the downside the key support levels will be 1.0820-30 and 1.0758.
{GB} GBPUSD Lower => Here we keep downside bias with support now at 1.4800 and yesterday’s highs of 1.4995 the resistance level above.
{JN} USDJPY Neutral => We remain neutral here, with key levels: 119.80 and 120.00 is the main resistance areas, with 118.90 the strong support level below.
{CA} USDCAD Neutral => We remain neutral here, with key technical levels: support at 1.2415-25 (this week’s lows) and then 1.2350, with the first resistance level coming in at 1.2615 and then 1.27.

The post Goldman Sachs Spot Desk Strategies appeared first on www.forextell.com.

Leave a Reply