The following are Goldman Sachs' short-term trading strategies for EUR/USD, USD/JPY, and AUD/USD. The strategies are aggregated from GS Sales & Trading, and GS Techs desks. EUR/USD: From GS Trading. "A weaker IFO on Friday saw EURUSD test the lows once again, but little is done today with the US and UK out on holiday. Market expectation is for an ECB cut the first week of June, and with EURUSD now around the 200dma (1.3640) we could see euro grind lower towards 1.3500 ahead of the ECB meeting. We would like to hold onto shorts into the meeting especially since we feel the market would prefer to be shorter euros but ... (full story)