Goldman Sachs (NYSE:GS) is out with a quick note on the euro‘s ongoing squeeze post-today’s ECB meeting
“Draghi relatively restrained in his Q&A having had a few opportunities to sound overly dovish. He says they won’t cut the deposit rate but it’s also way too early to talk about tapering the purchase program,” GS notes.
“Not a whole lot new so a few spec/macro names cutting out of shorts with some stops triggered above 1.0620. The topside to watch for is the real resistance level at 1.0710-20,” GS adds.