In its weekly technical note clients, Goldman Sachs outlines the next big levels to watch in EUR/USD, GBP/USD, and USD/CAD Starting with EUR/USD, GS notes that it peaked least week right underneath an important resistance area at 1.1052-1.1099, a region included the interim high (bearish key day reversal) from Mar. 26th , the interim low from Jan. 26th and the 55-dma. "It’s since broken lower from a triangle type pattern (ABCDE). Triangles tend to be characteristic of wave 4s which in this case suits the underlying wave count and implies that there is further downside potential. The next near-term support stands down ... (full story)