As the USD Index appears to be breaking out, a close above 95.86 should further confirm this, notes Goldman Sachs. "95.86 is 50% of the Jul. ‘01 to Mar. ’08 decline. Once the market is able to clearly break through this pivot, chances of it continuing its underlying trend should increase significantly," GS argues. "From then on forward, the target should be up at 102.50. This projection is derived from the triangle like pattern which developed from Mar. ‘08 to Oct. ’14. Historically, these types of triangle break-outs have worked very well on the DXY (see late-’90s example)," GS adds. Same for EUR/USD where GS ... (full story)