Goldman on $EURUSD

$EURUSD – Holds around another 76.4 retrace on the intraday chart. Tuesday’s high at 1.4217 was only 2 pips (0.0002) below the 76.4 retrace of the drop from the 13th July high to the 18th July low. Although none of them have been “pip perfect” this is the third effective 76.4 resistance/retrace hold on the intraday chart since the highs in May. For now this argues that the market still finds it very difficult to rally sustainably and  break out of the recent range.