In a note to clients today, Goldman Sachs discusses why the Euro down move has stalled and why they think it will resume. The following are the key points in GS' argument along with its targets for EUR/USD over the coming months. Why EUR/USD downtrend has stalled? 1- "In our minds, the EUR/$ down move from near 1.40 just over a year ago to current levels was always about regime change at the ECB, which was set in motion by falling inflation. In short, it seems the Euro down trade was about the ECB moving away from its Bundesbank roots and embracing what – in Frankfurt at least – counts as highly unconventional ... (full story)