Goldman Sachs today revised down its EUR/USD forecast to 1.29, 1.25 and 1.20 in 3, 6 and 12 months (from 1.35, 1.34 and 1.30 previously). GS also revised its longer-term forecasts lower, bringing the end-2015 number down to 1.15 (from 1.27), that for end-2016 to 1.05 (from 1.23) and that for end-2017 to 1.00 (from 1.20). GS switched from forecasting Euro strength to weakness in April, when they revised their 12-month forecast from 1.40 to 1.30. GS latest forecast change aims to signal that the current move lower in EUR/USD has staying power, which according to GS, is the beginning of a trend. "This forecast ... (full story)